As a travel nurse, we have to do all kinds of background checks, drug tests, and other compliance items.

Whether it was regular depreciation or bonus depreciation from cost segregation - same treatment basically: no immediate tax consequences. 

The tax code has two very different treatments for business expenses.

Like @Alan Asriants and @Matthew Paul said location, location, location, an area during the day and night are very different things in Philadelphia.While the cashflow might be great, the greater the risk the greater the reward, but there are still plenty of other areas where you can get 200-400/month without being near the largest open air drug market on the east coast.

It’s got some termites, that I will be signing a pest control company on to do treatment for.

Like with any rental, tenant screening is crucial in this area because opioids and other drugs have hit the area hard. 2019 has been my first year without an eviction so it has been a learning process.

For accurate tax treatment and to maximize deductions, this is the best place to find answers and professional support.

From the article -"Have had enough of dodging gangs of violent drug addicts just to get in and out of the building," Musk posted.

I would caution on the tax treatment of STRs.

I know which tenant is causing the problem (although might be difficult to prove it’s one tenant over another), and I know I cannot evict for illegal drug use because weed is legal in Ohio, so I am looking for other remedies.