Depreciation for what is left after bonus depreciation, the building itself, is indeed prorated, however it's a relatively minor factor compared to bonus.And read this post please, since there could be other things not mentioned by influencers: https://www.biggerpockets.com/forums/51/topics/1122635-the-s... 

For real estate, I used the P and S agreements for the longest time, but I wanted an easier way for those I bought from.

The interest rate on a HELOC is usually higher than a normal 1st lien mortgage, but I am seeing some cases where HELOCs are in the 6's and 7's (where credit score is high and LTV is 65% or lower), which make them pretty comparable. 

Also note the condition of the unit, room by room, on the move-in check list.These are your primary defense EVIDENCE exhibits to be presented in court to counter the tenants claim(s) of non-habitable condition.

Most investors don't even need a single LLC, never mind a bunch of LLC's in different states or anonymity or privacy or an S-corp etc.

I use to work for Home Depot back in the 90's and I remember contractors using those credit cards.  

If you plan to finance with conventional lending, Fannie/Freddie do NOT lend to entities, so you will have to vest in your personal name(s) for each loan. 

Quote from @Joe S.: Quote from @Stephen Morales: Quote from @Don Konipol: Quote from @Stephen Morales: I'm an agent, an investor and a wholesaler.

For both the applicant(s) and a co-signer, you want to understand their habits...financial, employment, legal, character, etc., as Bad habits in one area typically carry over to other areas, and will land you a poor Tenant (or co-signer) choice.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.