@Christopher SmithAll 'trade or business' income of the taxpayer is aggregated for purposes of determining the net income limitation of S179.This means you could theoretically have a tax loss on your rentals, S179 the qualified improvement property (QIP), and have that S179 reduce your Schedule C income tax (but not self-employment tax), assuming you have net taxable income on the aggregation.I've had plenty of these conversations lately and will have a few more in the next few days for year-end planning purposes.

Even small improvements never go as planned, bigger jobs will have delays and unforeseen problems. doing this with tenants in place could prove to be disastrous.

I had forgotten that I meant to suggest some changes that I thought could really improve the user experience when using some of these calculators. 

Another option is to go interest only from a private source at 7%, same 1M loan on the asset, highly flexible and no additional fees as we have already got the construction loan in place on title.Currently leaning toward the private option, it could,  based on flexibility, allow me to improve my balance sheet and down the road approaching other lenders to get more of a residential type product given the property has 3 titles, rather than pursuing a blanket type loan through the commercial office.Downsides of the private loan include the interest only payments don't allow me to amortize the building, and the rate is higher.  

They are also told what to do to improve their credit score.

Luckily we live in a business friendly state that makes this information accessible for the researched business owner.

Or at least know where you stand and where you can improve from a personal financial standpoint. 

For example buying an older Bungalow with minimal improvements and adding  a secondary dwelling.

You could improve your letter through confident writing despite being new to this.

This usually keeps it to where your tenant is only technically renting their room and has common area access to the rest of the house.