I was concerned with heat pumping and windows open, too. 

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

It's a special product.Regarding not having a standalone HELOC product, in 2022 during the heat of the low rate boom we did suspend our standalone product, and I can absolutely understand that wasn't ideal!

This affords you 2-3 properties using a portion of the $400K you have and the rest to hold onto for reserves and to stay cash fluid.

While shopping for a small multi-family building (3 or 4 units), I would like to get an inspection of the building to get an estimate of repair costs if any problems are found (foundation, roof, electrical, plumbing, heating). 

If the heat and ac are off a few years of 100 and then minus 10 isn’t good for a house either. 

But the market is getting over heated and it will be interesting to see how operators fare out over the course of the business cycle as they exit their opportunities over the next few years. 

It is heated (No AC) and has a small parking area for approximately 6 cars.

If you decide to go the mortgage/cash split it keep you cash fluid and puts you in a better position to have cash on hand for assets and reserves.

It is heated (No AC) and has a small parking area for approximately 6 cars.