Same with a rental , tenants have to wait till its either fixed or replaced .

So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed into service in 2021 which broke down the bonus depreciable items into 3 buckets, a 15 year bucket, a 7 year bucket, a 5 year bucket and the rest would be on a 39 year straight line depreciation schedule as it is a short term rental.

I personally am using the "value add" strategy to get my rentals to cash flow. 

Then branch out to do more deals that way for buy and hold rentals once we get settled into our new home. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

The First Step in vacation rental financing: Who, What, Where and Why? 

Mainly I work in the Macon, Griffin, Newnan Georgia areas. 2 were BRRR, and the third was my Primary I have converted to a rental.

I have been sniffing around for nearly a year and a better understanding of the area rental market.it seems long term rentals are no go as there are so many competitors and rent could go as low as 850$.

For the past two years, I have been doing mid-term and short-term rentals for two of the bedrooms. 

Purchase price: $249,500 Our first home turned first rental property!