Summary – Key PointsLess is more – More bedrooms does not always relate to higher sales priceNegotiation – It does not matter what a property is listed for on MLS, make an offer based on what will make sense for youUnexpected Expenses – Keep an extra budget always allocated for the unforeseeableWe bought this outdated & desperately in need of modernization 3BR 1BA SFR in Smyrna, GA on February 27th, 2018 off the MLS.

If not, you would need to allocate the portion of the expenses attributable to your child's use.

To consider an allocation to deduct the old roof you would have to do some research under the Tangible Property Regulations that would allow you to break out the remaining life from that portion of the building.

I invest both actively and passively and have allocated more capital to passive investments lately. 

It's going to be about  the facts of the case.But my guess would be that your accountant can separate that area out and allocate a certain % to investment use - and depreciate and allocate expenses and adjust basis accordingly. 

Some banks allocate how much they can loan for different amounts of money.

I’ve studied Dave Ramsey and have an allocated spending plan.

When you create an operating agreement there are some limits to what you can do but you could allocate him all depreciation in any given year and it would hold up as long as your agreements met the substantial economic effect rules. 

@Caleb Clay How much time and/or money are you willing to allocate to these tasks?

You could ask for a higher deposit for the property to allocated for the cost that would be incured for a leasing with a higher turnover.Overall, Can you sleep at night with the decision that has been made with the property and your business for the short and long term?