For instance, is there a specific form that has to be filled out to make that depreciation schedule change?

We would like our portfolio to be primarily long-term rentals with short term rentals filling the gaps.

I’m looking to follow my curiosity to open up new possibilities, opportunities, and become financially independent in the process, to the degree it is possible.I’m new to RE and exploring, so I don’t know exactly what I want yet.

Big difference.Go forward with your process.

Willy Nilly filling in the blanks is risky. 

I’ve gone thru the process of home buying with our first home but I’m here now seeking guidance on how to get started with acquiring rental properties and analyzing deals.

I dont suppose you'll need to deal with the City but if you do feel free to reach out with any questions on their process. 

The location of the lender doesn't necessarily impact your chances of getting a mortgage or the efficiency of the process however, local lenders have a better understanding of the local real estate market and regulations as they are more familiar with appraisers and other closing professionals in the area which can expedite the process and you will get a more personal touch and easier communication.

Innovations in construction technologies are also enabling faster, more cost-effective building processes, opening up new investment avenues in developing areas.The Enduring Value of Real Estate InvestmentReal estate remains a preferred choice for investors seeking long-term value.

You went through the month or two  inspection process, it past.