I'll update this situation for anyone who cares to follow it as things develop. 

@Nicholas GrayResidential rental property is depreciated over the mid-month convention.The software appears to be calculating it correctly.There is no election to use the mid-year election.

I'm an investor and looking to develop a relationship with an REO manager or agent in the MD/DC/VA area, as well as in Detroit and Florida. 

I have a similar strategy for stock trading, but it's extremely expensive and difficult to make a software for the scale that ill be using it for.

The location is nice, but a new development was going to cause homes to appreciate rapidly.

As for DTI, with only 1 house it's hard to have a DTI that's too high, as long as you're below 35% you should be fine, if you get near that then you'll need a mortgage broker to break out the complicated software that give you a real DTI number which is more complicated than debt payment/paycheck. 

I am here to learn, connect and develop with like-minded individuals.

What that means is that if you rest on your rights (to stop the bad neighbor with the violations I mentioned) you may well LOSE YOUR RIGHT to enforce against me.The place I live now allowed the above situation to develop over years.

What accounting software do you use to keep track of trial balance, and build financial statements for your wholesaling business?  

Is there any possibility of future development from behind the existing section.