Also, you should be able to get better than an 8-12 yr payback, 7 years is a better estimate. 

Now you're looking at 2,150/mo.This is just quick/simple math but if I'm a working professional with a temporary contract or maybe even a snowbird looking to spend the winter months somewhere warm, you are definitely going to get my attention if instead of an added up daily rate of 34000 a month you offer me a flat monthly rate of say 2,500.Even if that's a little higher than an apartment goes per month in your area you are saving me the hassle of a standard lease, setting up utilities, furniture, you get the idea. plus instead of having 4 or more tenants a month your only dealing with one.

The team exhausts every effort to make a deal work and they are very fast. 24 hour turnarounds, well run business.

That's literally the best debt in the world.After you exhaust those 10 mortgages it's then time to look at the big stuff.

If the year 1 Bonus Deprecation exceeds the deduction limit are you allowed to carry forward these deductions in subsequent years until they are exhausted?

I think you will run into a related party issue rather than an LLC issue in regards to the 1031 exchange. 

It may work and if it does it will be cheaper than an eviction.  

In my market, the zoning and plans approval team are pretty friendly and free to ask, so before you spend a dollar, I would give the local building department/zoning department a call and see if you can get answers.If they are not very friendly, than an architect would likely be my next call.  

Probably the most exhausted topic in these forums.

(Typically in the basement)Chipped or Peeling paintIf you have an HVAC system, exhaust must be properly installed (No spaces or Cracks)Smoke/Carbon Monoxide detector must be within 10ft of bedrooms, stove, and FurnaceNo sharp objects, including on the exterior of the propertyAny area that the tenant does not have access to must be sealed or locked (Crawl Space, etc.)