Hi Bryan,Based on our experience and the expectations of our LP investors, we have structured our deals with the following criteria:Minimum IRR: We aim for a minimum IRR of 15%.Average CoC Return: Our target average CoC return is 20% per year for 5-year plans, resulting in a total of 100% over the holding period.Minimum Preferred Return: We offer a minimum preferred return of 7% to our LP investors.Regarding depreciation, we actively share the depreciation benefits, including cost segregation, bonus depreciation, and other tax strategies, with our investors.Good luck!

I'm happy to spend 15 minutes to get a new checking account (which I'll later close) or credit card to get a $200-500 bonus.

Bonus if they allow cash deposits at their ATM. 

An added bonus is receiving rent earlier than the 1st: I would say 50% of my tenants pay on the 25th and another 40% pay prior to the end of the month.

The follow up to this question being, since I only rent out 2/3rds of the property, would I only be allowed to claim 2/3rds of the accelerated bonus depreciation?

Plus with bonus depreciation and the ability to force appreciation and cash out refi I am not concerned about the cost, and I could do the work during the slower winter months. 

For me, appreciation would be a nice inadvertent bonus, but I care far more about cash flow and am prioritizing that. 

I bought my own home with an FHA loan, 20% down, 30 year fixed, 2.75% interest rate, and rented out the bonus room to someone at a reasonable price.

I house hacked my first purchase (rented out a bonus room), and now I'm moving on to the next SFH soon.

A lender is going to want to see two months worth of bank or brokerage statements showing that you had that money "seasoned" for two money or they can trace any large deposits to a legitimate activity...like a work bonus or property sale.