Any unused funds from the engagement fee are typically credited to the borrower at loan closing, reducing your total cash to close.

Totally understand the struggle of gathering insurance quotes - BP makes it easy for you! 

now, if you want to buy an STR as an investment, and you NEED the income to support it, that's totally different...

You can get REPS status regardless of how you handle depreciation.Straight Line Depreciation - This is taken 27.5 years on residential and 39 for commercial.Accelerated Depreciation - This requires a cost segregation analysis so you can divide the total value of the building into 5, 7, 15, and 27.5 (or 39) year depreciation buckets.  

REI has processes in place so portion of the Security Deposit/ missing rent had to be covered by tenant.

There funding is almost never secured for more then a year at a time.

Securing financing is often one of the biggest challenges new real estate investors face.

When we found this deal the community had around 45 homes in it, now we are close to 60 total homes and looking to bring that number up to around 80.

I just looked at a utility bill with a total charge of $184.12 but $116.50 is from base fees!

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.