Normally you should take the 100% and carry forward whatever is over the deductible limit.

I purchased a gutted 990 square foot condo for $70,000 with a 203k loan with an additional $35,000 for construction for a total bundled mortgage of $105,000.

If the slope/uneven floors aren't too bad I wouldn't mess with it, just make sure the joists are good and that they haven't been cut or broken, if there has been normal shrinking/settling thats common . 

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

From what I can tell from the plans thus far, there will be limited "green space" or "communal areas" (the developer committed to "total green space equal to 1/2 of a soccer field") which I suspect will drive foot traffic to the local residential neighborhood. 

Purchase price: $95,000 Cash invested: $8,000 Nice ranch duplex that was under rented and needed some normal attention and love.

Can someone say if that's normal, and how I would go about qualifying a person off of that?  

Then you'll refund any unused portion of rent (if any) and deal with the deposit like any normal termination.

Are you doing normal long term rental or getting into any medium or short term?

I tried the normal real-estate platforms like zillow but they only go as far back as 36 mos.