The key is finding a reputable house-moving company in your area that can handle permits, utility disconnections, and logistics.

P and Z  is on board as this will increase the financial  sustainability of my small farm.

All utilities are at the street. 

When your tax professional prepares your 990t they will utilize the Cost Seg to minimize the UDFI tax. 

If your credit is decent then I would utilize your cash as leverage to leverage:1.

A couple of things in regards to saving on taxes by utilizing depreciation correctly.

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

I've rented it out before but with my full time job, managing two STR's is a bit stressful and hard to sustain so looking for other options.

It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!

Utility Costs (Water, Gas, Electricity):- Paid monthly by the tenant unless included in rent.