Third: even if your new toy qualifies for a huge depreciation deduction, your allowable deduction may be limited, and may even be zero.

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

It’s also helpful to know that a T-12 is essentially an income statement or P&L, which gives me a clearer sense of how to approach it.Your feedback on Yardi is interesting too—it’s good to hear that while it has its limitations, with some effort, you’ve been able to tailor the reports to suit your needs.

The 1% rule does not consider the condition of the property and is very limited. 

You could sell the property at the beginning of the year and buy a property/place that property in service (and do a cost segregation study in the same year). 

Based on limited information that is provided, I recommend saving longer, since you are unable to house hack. 

And, they limit the type of people. 

We would greatly appreciate your guidance regarding any requirements, limitations, or recommended procedures in this context.

I know there’s a limit of 4 unless you get a kennel license, so I’m also searching to find a place in which I can apply to obtain one.

That is something that is growing due to the limitations of STR.MTR is something that will help you but you will have to be a bit flexible in the times that you are planning to come in.Management is cheaper than STR, but you have to consider other factors such as close to places where those MTR are in need.