It's not an annual election that you "figure out" every year like electing to use mileage vs. actual for automobile expenses or electing to not take bonus depreciation.  

We have since implemented a penalty/bonus system to incentivise adherence to scheduling. 

Oddly enough (or perhaps it's not)  both leases are now paying $950/month, with 3% year escalators and gave a $5,000 signing bonus to landlord.I'm curious if anyone else out there has negotiated tower leases and how you did?

Not worth an argument over $15...The other part of this project, which is an ancillary bonus, although logical I guess, is that the psychological value of my tenants seeing improvement on a building which was neglected has been HUGE. 

But yes, it is 100% deductible in 2017 under the new bonus depreciation.

I have family there too, so the bonus is I get to visit them more often. =)

The bonus is that there is virtually no crime compared to Baltimore.

It puts cash in the sellers hand that they can reinvest or use for retirement income.Here's a good explanation...https://www.biggerpockets.com/forums/51/topics/569293-can-i-use-100-bonus-depreciation-as-alternative-to-1031-exchange?

I  believe the fashionable term for these apartments is "bonus unit".

You are going to be awkward on the phone, if you get a deal it's a bonus.