I am purchasing a 4plex tomorrow and will be moving into one of the units.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

However, I am trying to accomplish this task by purchasing under market value (every investor dream).

We purchased the condo for 92,000 and it has 69,000 left on it.

Purchase a primary residence and an investment property. 

But you made a good suggestion, and I agree it'll be messy for me to determine what's tenant damage and what's not (even with the move-in report). 

Borrowers with higher capital reserves or equity in other properties could explore an all cash purchase.

If it is, there are many factors which will determine if the Department of Buildings would approve the change of use.

I'm wanting to purchase and rehab or build in rural Ga but would like to talk to a good loan officer who can let me know if the location and me qualify for a USDA loan?

I am in the process of purchasing my first STR.