This can help bridge the financing gap and reduce the amount you need to borrow elsewhere.Remember to conduct thorough due diligence on the property, including a detailed inspection and analysis of the local market conditions.

@Arda Bircan or others, do you have any suggestion how to best approximate the estimated tax benefits from the accelerated bonus depreciation without conducting a formal cost seg. study with a firm? 

On exit, the taxpayer sells their LLC interests rather than the LLC conducting an asset sale and distributing the proceeds.

Then you can just worry about learning how to conduct due diligence on the properties and companies and such....all of which will prep you for doing the harder stuff on your own later.I wouldn't do it any other way, myself!

. +1 to that statement exactly, it's just a marketplace that happens to be geared toward investors vs. buy and live there shoppers.

How much additional screening do you conduct with section 8 applicants?

Should I still follow the screening best practices of calling previous land lords and conducting a background/credit check if the tenant is Section 8. 

Therefore, you will have to conduct extensive research to determine which cities allow STR's/MTRs and LTR's. 

I would take a look at the original contract you signed and see if you can get the records/reports from them as to when these inspections were conducted and what the results of those inspections were. 

This weeds out window-shoppers online and people who never show up for the showing and are a waste of our time to deal with.