I knew it was a unique real estate market .. but sadly all the risks I evaluated were correct.

maybe only be extra $40,000 to build open loft... and I would guess I could possibly charge $2000/mo rent, not sure>>***I was kinda crunching numbers...if I'm estimating it correctly it will take me over 4.5 to 6.5 years in excess rent to make up the cost of building the private loft.....does that seem worth the extra loft cost?

A couple of things in regards to saving on taxes by utilizing depreciation correctly.

This is definitely not correct. 

For asset protection, LLCs are over-hyped - you just need good insurance.Set up correctly, an LLC may give you decent anonymity, so tenants don't know you're the owner and can't track you down to retaliate (happened to my manager). 

We had to pay for a 3rd party to review the appraisal and either agree or disagree that it was done correctly.

Hey @Travis Biziorek, Correct, I currently have the property listed on Airbnb (STR) and Furnished Finder (MTR).

If this is the case I think I understand everyone correctly.

Should I stain these doors and hardwood floors a dark expresso color, or lighten them, or just leave them alone?

@Layla Sewell Correct.