I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods).  

I want to invest in real estate by using the BRRRR method.

Lindsey, you’re right there is a lot involved with house hacking out of state and I’ll be circling back to that particular method in the near future.

Better than Airdna use the Enemy Method. 

@Philip Muka have you explored/researched the "asset island" method? 

PM me your preferred method of contact!

It is fairly basic compared to other changes in accounting method.

Or is there a more efficient method to do this?

looking for suggestions on best methods/websites for marketing a long term rental.

I would suggest they understand various strategies/methods to invest in real estate and then let that drive their next steps as opposed to the dollar amount they have to invest.