@Connor HeimMost small dollar units of property that you mention can be expensed under the 'de minimis safe harbor' by making an election on your return.A competent CPA will ask for a ledger or detail of the supplies account and fixed assets accounts to make sure everything is where it needs to be for tax efficiency.

@Alf Holst strange... carpet padding is far too thick and the planks (if they're click type) will separate when walked on for any period of time.

This has my business producing at 100% efficiency asap.

It's also important to keep in mind that every additional rental property you own is another potential source for legal trouble, so if you grow to a certain size(and Terrell might be approaching that size), it's almost inevitable that some tenant will get a valid reason(such as falling through a porch you didn't know was rotten) to sue you over a 10 year period.

If not finding new tenants is something of a concern for you then you will need a way to market your property efficiently.

You will need a seasoning period. 

BTW I would only go month to month for a short period of time, say their lease is up and they would like to stay for one month before relocating.What you want to do during this period is induce them to re-lease. 

I would create between 750k to 900k of increased network and $3000 to $4500 of monthly cash flow within a 2 year period of time all while keeping 100k in the bank as reserves.

I do agree on the short term aspect and that is what I am looking to do...trying to get that equity working more efficiently for me.

Period.