Your second question is in line with what I mentioned above you need to test, test, and continue to test.

As Account Closed mentioned, the first question is to decide if you want to invest actively or passively. 

Your income is Sales priceLess Purchase PriceLess Costs to sell propertyLess renovations/repairs/holding costs.You mentioned having partners. 

You could have it show up under 3 bedrooms when guests are looking for that, but you should mention in your description that it is 2 bedrooms + a loft. 

It is actually just a tool to create the already mentioned accelerated depreciation.

https://www.biggerpockets.com/forums/48/topics/1220392-what-...Now that that you mention it, I may have seen it, but didn't register.

As the title of the post mentions, I am taking on an extensive rehab this coming year and am really excited for it!

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

If you find a sublet-friendly co-op and it requires an "All-Cash buyer", there could be a good reason.The points you mentioned regarding co-ops are valid but do not apply to all co-op boards across this market.

@Jeff Hineswhatever you end up doing i'd stay local. i know the markets you mentioned look tempting, but they have their own challenges - for example, the midwest housing stock is very old and often has severe deferred maintenance.