That would make a major difference on the underwriting. 

Watch major Duggan's State of the City address he just gave the other month (google it). 

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

We own 1,700 units, and have refinanced the majority of the portfolio. 

Generally is going to be OK the only issue is that it can be challenging to confirm the transaction is truly arms-length on an off-market deal and I believe all DSCR Lenders do require Arms-Length transactions. 

Rise48 is issuing a K-1 and the requisite accounting fees that go along with that, and then Spark will have to take that K-1 and split it apart to get to you, another set of accounting fees each year.  

Many of those were in those areas and I never had issues.

Also, deals are not just the property but also the financing, that plays a major role. 

These systems issue a laundry card to the tenant which they touch to the machine to buy a cycle.

The main issue is getting the appraiser to consider your comps over theirs.