Yes, you can apply bonus depreciation to a converted property, with some caveats:- it will be based on your original purchase price, not today's value- bonus depreciation for 2024 is 60%, not 100%- most importantly, you may or may not benefit from cost segregation/bonus depreciationRead this: https://www.biggerpockets.com/forums/51/topics/1075919-five-... 

Buyer pays closing costs & loan doc fees: $3,800 approx.Total Entry Fee: $23,800 to close -- or 9% of the purchase price!

Why do you think purchase contracts are so long and have such small print?

2 years ago I purchased an acre of land in Arizona with a friend.

Mind boggling that such a method of purchasing property is even posed - all it's telling me is simply this; " Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'"Warren BuffetMany legit ways to purchase property.

I see the advantages with DSCR… in that unlike conventional mortgages which have a 10 property cap, and it becomes exponentially harder to purchase each time… DSCR allows you to build a portfolio. 

And this debt allows you to actually purchase additional depreciable basis. 

Quote from @Cheryl J McGrath: I'm having issues getting property under contract.Agent/seller wants a pre-approval of funds first.I can't get a pre-approval for every property or is that the way it works Thanks Are you actually intending to purchase the property?

Purchase price: $402,000 Cash invested: $80,000 Purchased 2 lakefront lots - one developed with a SFR and the other vacant.

This way you'd only be looking for financing $895,000 of $1,150,000 purchase price.