@Eric MauryThe type of loan product normally has little to nothing to the way items are reported on your tax return.If you obtain a mortgage in your personal name; the banks are able to offer you certain types of loan products.If you obtain a mortgage in an LLC; the banks will offer you different types of loan products.You are entitled to the same deductions regardless if you have an entity/LLC or not.

What did the last appraisal say, I'd fix or remedy as many of those items as possible along with matching condition of comps

That 220 million dollar project by Tyson Foods could have been about 10 miles from my house. 

Hire someone based on the items listed in 2 under lessons.3. 

Well...the Dayton Dragons baseball team has the most consistent sold out games of any sporting team in North America (startling fact), Warped Wing opened a second location, and a half dozen other breweries are now open in the city...Boston Stoker coffee is totally awesome and has several new locations (this is important because it's a key indicator for the successful revitalization of many cities...beer-food-coffee is key)...there is a river front development that is reminiscent of Columbus (which was awarded best on the country), there is big inner-city revitalization...I saw a developer by the name of Simms pre-sell 24 $500k "Brownstone" townhouses in the center of downtown (unheard of in Dayton)...there are 30 renovation projects going on downtown...and they now have a full time staff on the streets to keep the city clean...the population is on the increase for the first time since 1964....I mean this is pretty superficial, but it's every bit as important as economic indicators...there is a lot more to this...There are still "war zones" in abundance in Dayton and it's the Opiate Overdose capital of the USA...but getting better rapidly...just proceed with caution if you elect to invest there...a local subject matter expert is a must!

@Lauren FeltzThe loan product has little if anything to do with how items are reported on the tax return.It looks like you are trying to househack the triplex. 

You can do a square footage estimate - but that is only an estimate, and probably not a very accurate one until you've got a bunch of experience under your belt.You can line item all the "stuff" - this takes a very long time when you're getting started, and it's probably not very accurate either, especially when you are pricing at the HD, but a lot materials are going to come from a contractors supply (if using licensed contractors), and labor rates vary greatly.You can try to get a GC to come out and give you an idea of cost - but be aware that GC's don't like this, especially when they show up and find "another cheapskate investor trying to slap lipstick on a pig". 

@Bosko MijatovicQuick food for thought ... you may need to really go off market if you need that deep of a discount.

I am scared"...................................................................................................................................................................................................................................Please pray for those affected, give advice, and I ask that if you can help in any way do so(i am not asking for anything, I am just asking you to search on how you can help, because currently there are multiple gofund pages, Redcross donation, and places collecting items for donation to those affected and hurt..), if you don't have anything to give or think you don't have anything, maybe the most important thing you can do is convert them, research what they may want to do next to recover/start to rebuild, and pray for them all....I know that my grammar needs some work, but I am trying to improve and I am a college student that is slowly but surely learning...Honestly this very fact that we can have everything we ever want or need could literally be gone in a matter of minutes and all we have left hopefully is our own lives and hopeful those we love and know.

All food goes in closed containers2.