And as an added bonus, according to a recent BP survey, Memphis is the number 1 market in the US for strong rent-to-value ratios.

I will usually get a nice negative K-1 for the first year I invested due to taking advantage of bonus depreciation rules.

I understand what you are asking about and with a short term rental, as long as you meet the guidelines of materially participating, then you can use 100% of bonus depreciation.

The Bonus: I am protected for life and I can go to bed better knowing that if I am no longer here, a good chunk of investment properties can be paid of for my family to enjoy and use for the rest of their lives. 

PMI cost can varies depending on the price of your home, but a few hundred bucks saved a month is still a huge bonus! 

A BONUS, is that Google loves that your traffic loves your site and you will be rewarded with the #1 ranking spot on Google.NO ONE does it this way, and this is why my results are unheard of.

These items are usually capitalized and depreciated over time (there's also bonus & 179 deductions), but just be sure you aren't improperly including these as expenses.Also @Paul Allen is correct that you will have all passive losses suspended unless you can qualify as a real estate professions.Finally, remember that the year you sell, you get to take all passive losses that have built up.Be sure you talk to a real estate CPA or accountant who can help you with TAX PLANNING, as most of the tax saving opportunities happen during the year.For instance- the day you start advertising rent is very important, as a lot of the costs after can be expensed, while as most costs before are capitalized.

With some automation I could knock it down a significant amount but I want that bonus depreciation to offset my income so I'll worry about that when I scale. 

The newer baseboard heaters seem to work very well and the added bonus is that the electric is paid by the tenant.I personally installed electric baseboard heaters in a single family property that I owned. 

Yes you are right I would be able to depreciate less in the future given the initial cost segregated bonus depreciation, and perhaps even start making accounting gains.