If it’s not for you, there is a risk-free exit strategy.

Feel free to PM me and I will add you to our team's deal mailing list and can provide referrals for lenders, contractors, etc.

If you are going to stay in San Diego for the next 10-15 years, then stay patient and get aggressive when a deal comes up that makes sense.

Hey Clint - I'm using a 30 day free trial of Autodesk Fusion 360.

First, I'm paying a lot of money for these strategies so it wouldn't make sense to then share them for free with others.

If they don't pay the balance it will follow them if you report it/ send it to collections and it will stay on their record until the settle it, no other landlord wants to see that, or an eviction!

It´s tax free, take the money. 

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

The building is free and clear with no mortgage but needs a refresh. 

If everybody's comfortable staying put for the next five years, you're good.This remind me of another factor you'll have to keep in mind: Ellis Act evictions require 120 days' notice.