So, you would only be able to take about four months of depreciation for this year.However, the bonus depreciation is not prorated.

If your budget is so tight that you can't handle a small leak, what will happen when a tenant fails to pay the last month of rent and abandons the property with $6,000 in cleaning and repairs?

I would look for a bunch of Sub To Deals with 2-3% interest rates ...... then rent out for cash flow and huge equity build up when rates are really low (check out amortization schedules and compare 2-3% vs 6-7% with the same balance and length of time - check out the principal portion each month - the lower the rate the higher amount goes to principal PLUS better cash flow).

If you have a tenant that doesn't pay and you have to evict, you might lose 3 to 5 months of rent payments plus have make ready costs of 5k to 6k depending on what they do.   

X a month sounds a lot better and is actually doable for a lot of people vs a big pile of cash today if you need a full cash sale. 

Can I apply for both banks in the same month?

The average sale price for Condos in the NYC Metro area is $649,000 in the last 6 months. 

If they’re month to month you don’t need to evict, just don’t renew their lease. 

The lower rate decreases my monthly expenses, increases cash flow, or gives me a higher LTV.Increasing Rents with Co-Living:I have changed my rental strategy to Co-Living (rent by the room).

Many people are drawn to the $80K house that cash flow's $300/month.