You'll need to account for any cosmetic repairs if walls need to be opened up.  

As a result there is a very real danger that hosts will be penalized, receive bad reviews on social media, and even lose their accounts on Airbnb/VRBO which could quite realistically cost them their businesses if no consideration is given to grandfathering in owners and hosts who are already operating more than one STR per lot, not to mention it seems fair to give owners and tenants a chance (as was mentioned) to recoup their significant investments (as one neighbor mentioned--her life savings) which they made under the existing laws." 

Account Closed  I'll give him a shout.

Has anyone ever done Cost Seg for a building placed in service years ago and applied for accounting change?

Account Closed Interesting!

You really need to buy well under market, taking into account current condition value.

The forms can be edited.Good news: if you have a PRO account, the forms are included in your membership!

We have a sizable amount of cash for a down payment, but does this need to be somehow tied to the LLC, other than in our personal bank accounts, prior to going apply for a mortgage?

But since I owned multiple units that were collecting income I could go through the eviction process without any repercussions of my personal bank account.  

So many people report amazing income with their vacation rentals but they fail to account for all the costs.