You cannot deduct your rehab costs until the property is in service. 

It get's me how almost everyone, still, says things in the frame works of why did things get so much more expensive..... 

The cash value in the policy service as collateral for the loan.

Hi Joel in Greenville, North Carolina-You have a rental property held in an LLC and you are looking for a lender who will refinance it.I would look into a Debt Service Coverage Ratio loan or DSCR loan that uses the rents to mostly qualify the refinance and less on you personally.

Having a lease in place will help you as well - some lenders won't refi a vacant property.For your refi, you're usually looking at 75-80% max LTV with a debt service loan.

First all, thank you for your service and kudos for making that sacrifice to househack it's definitely paid off!  

When a rental is taken out of service for personal use the accumulated depreciation goes away over a short period of time. 

See responses to your questions below: Correct, California is uniqueTo qualify for REPS you need to meet a number of criteria, including (but STRs that meet IRS criteria generally don't need REPS to leverage tax benefits): More than 50 percent of his/her time working in real property businesses; AND, More than 750 hours of service during the year.

Make sure to verify any information from a party that doesn't have any advantage of you getting their services before making a decision.  

If a person has to ask, at all, I STRONGLY advise to use a PM service for tenant placement.