You have to take some form of deprecation, either its spread out over 27.5 years or 39 years, and can be accelerated. 

Thanks to the Cost Segregation Study, the property investors were able to reclassify the property components and accelerate their depreciation for a total of $356,000 in the first year.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

As you said it will free up some of your time and will help accelerate your business.

She's also the hardest working person I've ever met.And for the program, all it does is accelerate you to success or failure.  

Once that train starts moving, it is truly amazing how quickly it can accelerate.

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $1,629,844.Through the cost segregation study, they were able to reclassify approximately $2M to a 5 year useful life, $2.35M to a 15 year useful life.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Then, you'll either have to pay the loan off or you'll get wiped out and no, you can't assume the loan. and no...you aren't going to be assuming anyone's loan unless its a VA loan and if it was, it would more than likely be accelerated due to the HOA foreclosure.

Lakefront land prices are at a premium so I need to accelerate the timeline by taking out a land loan(or other financing) to fund further improvements.I have owned the property over 7 years and have been using my own time & money to clear the property and make improvements.

As a part of the acquisition, all my stock options were accelerated and paid out as cash through payroll.

Yes, if you change your single-family home from Short-Term Rental to Long-Term Rental in the second year of ownership, you would need to adjust the depreciation schedule for tax purposes.Recall for residential rental properties, the IRS allows a depreciation period of 27.5 years under the Modified Accelerated Cost Recovery System (MACRS).