Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Question 2) the depreciation rate of the new, 400k property is independent of your basis going into the new property right?

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Summary of Key Differences: Aspect DSCR Cap Rate Purpose Measures debt service ability Measures investment return Formula NOI / Debt Service NOI / Purchase Price Focus Cash flow vs. loan payments Income vs. property value Perspective Lender’s viewpoint (loan approval) Investor’s viewpoint (ROI evaluation) Role of Financing Highly dependent on loan terms Independent of financing Use Primarily for loan qualification Property valuation and comparison Conclusion: DSCR is critical when securing financing because it shows how well the property can cover its debt payments.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.

I opted to represent myself (as an independent landowner).