Will my depreciation be based on the purchase price or what it is worth now?

@Kaleb Phillips an agent promoting their industry, no surprise.Problem with it, is that agents are transaction based. 

You can only fund it with rollovers from other qualified accounts or by making contributions based on your earned self-employment income. 

DSCR financing is based off of rent/PITI and your credit score. 

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.

I think a daily allocation of 15-30 minutes for thoughtful communication on top of automations is probably a good starting point.An example that comes to mind is modifying an automated message going out for something personal that the guest shared with you in their communication so it has a warmer touch but the bulk of the lifting is still the base guest messaging.

I’m currently based in San Francisco, California.

DSCR if the house can support itself based on the lenders criteria.  

I am based out of Janesville, but spend quite a bit of time in Madison as well.

This may sound crazy, but I own another STR in this particular market, and the reason I think this might actually be possible in based on the value of my other similar property.