Hi Kristin, For DSCR loans, personal income is not required.

Here's some guidanceon finding your first deal:- Define Your Criteria- Explore Financing Options: Withyour budget for a down payment, you have several financing options to explore.Conventional loans typically require a 20-25% down payment, while FHA loans forowner-occupied multifamily properties may allow for a lower down payment,around 3.5%.

Cash out refi usually requires a seasoning period (eg. 1 year before you can refi) but can vary lender to lender

Investing in REI will require a never ending need for cash.

The landlord charges them a flat $1k a month in utilities along with $200 a month for lawn maintenance. 

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.

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.