Additionally, depreciation deductions on the multifamily property could offset a portion of your rental income, further enhancing returns.Key considerations:- Financing the multifamily: Would you go all-cash or use financing?

It is common for investors to bring in additional signers, often referred to as credit enhancement.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

In addition, some states have different regulations tooI'm sure that someone that specializes in Insurance can give more insight into what is and isnt necessary or best for our properties.

The family viewed the house, loved it, and requested that I install satellite TV and add it to the costs, which I did.

I wanted to see if anyone has experience with or owns any properties with knob and tube wiring and what I should do.

It seems like you are either taking bad experiences that you have had, or things you have heard, and you are blanketly applying it to entire strategies that have worked and been helpful to tons of people. 

As for valuation, I see no reasons why a Junior ADU would negatively impact additional housing unit.

If the price was right on Turn-key maybe, but probably more of the fixer-upper that can be leveraged later on for additional property or sold for a nice profit. 

Do you have prior experience to operating the rehab credit contingency to avoid the seasoning period?