We invested $55,000 in renovations, transforming the property into a highly desirable home.

We advertised it as a "bonus room/ office" and I think that helped attract the right applicants (they were not expecting a 3 bedroom apartment and then arriving to find out it was only 2 beds with an awkward bonus room).  

We didn't get much traction with Roomster and Kopa as by-the-room platforms, and we are a smaller market without a Padsplit presence.There are a lot of work crews passing through our neck of the woods, so the private rooms are appreciated as a bonus. 

Equity is a bonus.

You don't have to worry about damage to the equipment or it being stolen.But if you do decide to buy the equipment, there is a good chance that it will be eligible for bonus depreciation and potentially 179 expense depending on your net income.

And they will help you set goals and objectives.That may not be the answer you were looking for, but it transformed my life, and helped me get into real estate investing full time. 

Great breakdown of Bonus depreciation for RE.

After a journey of growth and knowledge I discovered the wonderful world of real estate and it's ability to transform my future for the better.

Is it possible to take advantage of the bonus depreciation if buying multiple STR properties with a business partner?

The downstairs tenant also has another floor available, bonus room in the finished basement, which might help with noise between tenants as well.