They are added to the cost basis of the property and then you depreciate those expenses over a number of years.

It is so arduous and boring to analyze new listings every day(I know I have to do it :)  so was wondering what people do and if there are any quick tools to unlock efficiency. 

For instance my area really consists of about 7 small towns so every day I search the MLS to see if there’s new listings I’m interested in.

@Rhoda-Marie Custodio are you looking to lease properties on a long-term basis and then manage the STR? 

On a long-term rental basis it would probably rent for $1800 per month but there is a very similar home just five houses away that somebody has listed as Airbnb and rinse out for $275 per night.

If you have a real estate agency then you need to determine if the umbrella will cover over the Professional Liability (E&O policy).There are companies that write Umbrella policies on a stand alone basis. 

My advice, take one small step every day towards your goal.

The property was only appraised on a comparable basis with no comparables in the near area it under appraised.

Is there anything wrong with taking the 100% bonus depreciation on these (and subtracting their value from the total purchase price to calculate the building basis)?

I do have access to the MLS and I'm starting to get goods at running comps, I have been doing practice comps everyday for a few months now. so let me know if there is any ways I can help