What you can depreciate is what you calculated ($94k) plus whatever you actually spent on improvements.

Advice on who I should talk to, to see if this is actually a deal worth looking into?  

@Alexandria Garreau   if this is actually a property in Ontario I think you have rent control there correct?   

@Caroline KnightI don't know the Chicago market but I'm highly supportive of house hacking.One thing to remember that positive cash flow isn't actually the goal of a house hack. 

So we don't actually send the invoices to the owner, but they are aware we have done work and have the ability to view the invoices(maintenance, utility bills, leasing commissions, etc.) through the portal. 

Even the first thing in the actual Bill lists unpaid rent as collectible from the security deposit.As with everything that CA does to protect renters.

From the initial notice to the actual eviction, this can be complex and time-consuming.

My brokerage is actually hosting an REI on tap meet up next Thursday the 16th at Rogers Roundhouse.

@Tristan Bennett, DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans: 1.

Actually, i just found it, they are pretty small rooms.