If you didn't claim it in the year the property was placed in service, you can elect to claim it in a subsequent year, as long as the property meets the requirements for bonus depreciation in that year.

We have an apartment complex in a state where we are required to have tenants sign Window Guard forms and for the first time in decades, a tenant asked about getting window guards.  

It is also my understanding that many lenders still require a personal guarantee for properties held in an LLC.

In the residential world, some requirements are relaxed comparing to commercial so it's up to you whether you want to spend the money to have a better planning versus skip the planning and perform the work impromptu.

Just wanted to thank everyone again for the help.I can't say I fully understand all the issues raised, but it sounds like the bottom line is that there is no way to move the asset out of the s-corp without triggering a capital gain liability.Interestingly, the thinking required by me to address your comments made me realize that I am not depreciating this asset. 

A well-located / well-appointed property can get $1000+ ADR at 70% occupancy on an annual basis.Deep pockets required though, property prices are high. 

I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.

Just from your post, it sounds like you are doing it remotely, meaning you are analyzing properties online that you think would be good for STR.

This could get you 6-8 units if you shop patiently which is a great starting point.Please do not send any money off to companies that advertise real estate "syndications" online.

As a person who has purchased hundreds of mortgage notes (non-performing and performing) and done many seller finance deals let me tell you if this was the case wouldn't all banks require the buyer (their borrower) to get such a deed so that if their borrowers do not pay then they don't have to go through foreclosure.