I'm not saying that your plan can't work, I'm just pointing out that these types of extremely cheap properties usually come with TONS of unique management and sales challenges that don't occur with more run-of-the-mill properties, so you'll want to study up on those issues and have a game plan before proceeding...regardless of what you decide to do, it may be a good idea to consider how you could leverage this deal as a springboard to get you to other, higher-grade properties......the good news is that you're only $5k into this thing, so you're not in too deep...yet...Good luck out there!

The property was built in 2018 and the other unit with power had no major issues and all HVAC’s, water heaters, electrical, etc all work fine.

Older homes can be a goldmine for this strategy, but make sure to do a thorough inspection for any hidden issues. 

This becomes more of an issue if you are in a different zoning district. 

If you can afford investrolift, that will solve dipo issues if it's a good deal. 

We ran over schedule, went over budget , I paid additional carrying costs every month, and learned about significant issues later than I should have.

Wondering if other people have this issue?

And I'm using Chrome, and not having issues with anything else.

Quote from @Julia France: I am new to the concept of bonus depreciation and trying to get a better understanding.Some of your questions are answered in this long post: https://www.biggerpockets.com/forums/51/topics/1121063-expla...And then there's an STR-specific issue of what people like to call "STR loophole"https://www.biggerpockets.com/forums/51/topics/1122635-the-s...Other questions, specifically timing of your deductions, are case by case.

There were a handful of issued that required some decision making but other than that we have a really good crew down there and they make my job super easy.