It can seem a bit complicated at first, but once you have experts working for you they take care of all the complex parts.Bonus depreciation had some great changes, namely the increase to 100% and that used property now qualifies!

They are looking to close quickly. does anybody have any tips to increase my chances of success on purchasing this house? 

CA isn't exactly the most relaxed construction / demolition atmosphere.Consider the cost to fix vs. the increased value you will have with an operating pool. 

Keith,Northern Nevada has been booming lately due to low cost of living (which has been steadily increasing), taxes and businesses coming to town.

The Brew City Real Estate Investors group is also a good resource I have been increasingly involved with if you’re looking for a meetup group.

As your loan gets paid on time, and you show a positive trendline of increased DSCR I'm sure you can ask to remove this quartlerly requirement.

 A gradual increase may have been a more successful approach.  

The auxillary fields with less weighted value, in order: lease start date, deposit amount (up to 2x rent).The overall score is tallied to identify approval, conditional approval with increased deposit/cosigner, or denial.

My concern is the loan amount increases over $50,000.

The transfer and recordation tax rate increases to 2.9% (seller and buyer pays 1.45% each) for properties sold at $400K or higher.I am looking forward to getting your inputs Thanks,A