Bonus depreciation is derived from the portion of the property's value with a shorter useful life than the buildings themselves.

I'm a loan originator with Milo and we specialize in DSCR loans for international clientele looking to invest in STRs in the U.S. 

Hi Leanna, Given the work you've put into the property, you can refinance based on its new value without a seasoning period.

I would either move out and do another house hack or do some sort of value add project so you can recycle at least some of the money.

Id ask them what type of fence and if it goes with the house and something that will add value, Id let them do it. 

Price is what you pay, value is what you get and the value of a good professional is priceless in most cases.Hope that's helpful!

For example, my first property in Seattle was a $350,000 property, separating the land value ($150,000) from the improvement value ($200,000) enables an annual depreciation deduction around $6,000 over 27.5 years.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

(Someone spending months.)If you want to remain in the STR/MTR business: See if it has any resale value.

Value-Add Opportunities:Charlotte's diverse neighborhoods offer plenty of value-add opportunities for investors looking to maximize cash flow.