While this falls more on the unlikely side of things its worth bringing up as the "no interest on hold-back" is quite enticing. 

I used to allow two-year terms until I learned that about 80% left early.Another issue: many renters will ask for a longer term as a means of jumping in line ahead of other interested parties, or to entice you to let them in with less scrutiny.

If you can itemize the 25k into let's say appliances and such, you can take 100% bonus depreciation on the appliance and such. 

There are too many landlords with very low rates that are enticed to keep those rates. 

The lending environment has remained stringent and COVID enticed people to sell that would not have sold otherwise.

Network with Wholesalers and more agents. offer the agents a bonus of a few thousand dollars if they find you a deal.

We also wanted to be able to take advantage of the 'bonus depreciation' -- and while reading through the IRS regulations on this, for real estate, it looks like 'placing in in service' has a varying definition. 

Lofts, dining rooms, and bonus rooms can all be converted into bedrooms.

Linky link.Snip 1, more or less as expected, no reference to any first time homebuyer or "does not own other real estate" requirements:Snip 2, with an Unexpected Holiday Bonus relevant to high cost of living areas like NYC, the San Francisco Bay Area, LA, San Diego, DC/NoVa, etc."

@Michael Plaks I figured he wasnt able to take against other income, and a cost seg that produced bonus depreciation etc would still help.