I vowed that this would never, ever, happen again.How do you explain selling a lecture he home in a gated community at $131 a foot when the closest comp in the area was $109 a foot?

The closer to downtown you can afford, it's pros and cons from people like attorneys, CPA's, or real estate Broker explain any hazards there may be.Thre are several things for to do before start investments.  

Don't just take what they explain, read the darn statutes so you are familiar with them.  

I copied it into excel explaining where every number comes from.

I would highly recommend you interview a few CPA's or EA's and explain your goals and current situation.  

Care to explain?  

Assuming rent is due on the 1st, you will either already have rent paid in full or know there is a problem.If March rent is paid in full at the time of the meeting, I would just explain whatever your "standard" is, ie rent needs to be received by X date or a 3-day/5-day pay or quit notice will be posted on the door. 

I've had people tell me they think slower depreciation is gonna help them with their lender because it shows more taxable income and I try to explain they're not seeing it correctly.

An attorney can explain to you the clause that could be initiated and what that means. 

I have always used the first come first served approach, just seems to make sense and be objective.