This is different from market value which takes into account of land and location; most lenders require you to carry this type of coverage.A cash value policy will take what the home is valued at and then subtract and depreciation from the covered amount.

The calculation is below:Basically what it looks like is in my previous pro forma I was estimating profit to be $60k, but when subtracting 35% from that number, I’m left with $40k. 

If I can fill the rental quickly, do I need to refund the remaining depsoit after subtracting lost rent, cleaning, and other costs?

Subtract land value and what you have left is the amount you can depreciate.

And lastly , even if he's deeming it a " 2-unit " property .... and is saying that he can't find any comparables to compare it to ..... couldn't he just find recently sold 3 bed 2 bath , 3 bed 1 bath, 2 bed 2 bath  houses and then subtract ( $15,000 ) for a bedroom  and ( $10,000 ) for a bathroom ?

If you forgot to take full depreciation, too bad, you have to subtract "allowable" depreciation here.2.

You are generally obligated to do several things, but the three most important are:(1) Establish the business purpose of the trip and maintain clear and contemporaneous records of the business purpose;(2) Log the miles for each business trip;(3) Subtract from the deduction the proportion of the trip that was used for purely personal purposes.

But, it used to be anyone could assume the loan, assuming they qualify, but that loan amount would be subtracted from the vet's loan limit if it were assumed by a non vet.

Then subtract from that your closing costs, holding costs, repairs.  

Here is my scenario and questions about 1031 exchange:Original purchase price = 240k (owed about 209k when sold)Sold property for = 438KAfter subtracting fees my understanding was I needed to find replacement property valued at 415kFunds I have in 1031 exchange account is 208kMy understanding is that to fully avoid capital gains tax I need to reinvest all 208K plus find properties valued at a total of 415k.