I see depreciation as "lemonade from lemons." 

I'd like to bundle everything (to include auto) with one company if feasible.The latest quote for my primary home is from the app Lemonade and was 50% less cost than my current provider USAA and they appear to offer the same coverage.To make matters more confusing.

Grays ferry, strawberry mansion, olde kensington, mantua, etc.

So, accountants/cpa/whatever have to 'make lemonade out of lemons.' 

Never afraid to tackle new business ventures he had ownership in a restaurant, a hotel, a strawberry farm, and numerous rental properties.An avid bicyclist, Henry logged many local miles as well as three RAGBRAI rides across Iowa and a week-long ride through New England.

The areas in Philly where you have the best chance of finding such a property is Strawberry Mansion, Mantua, Kensington, Cobbs Creek, West and Southwest Philly.

Imagine you want to open a lemonade stand.

I know of others who invest in Philly (brewerytown & Strawberry). since you are planning to invest in Philly, I would form the LLC in the state of PA oppose to NY. 1.i believe the cost is higher for starting one in NY.  2. there is a annual cost for maintaining the LLC for NYAttorney and accountant, you can chose this route but you will be paying premium. 

Driving range, playgrounds, zipline/ropes course, etc. over on 33rd St in Strawberry Mansion. 

They purchase reinsurance, to insure the insurer (and some rely heavily on re-insurance, like I believe startup Lemonade does, allowing them to “very capital light mode”).