The bank appraises the fence for $10,000, but the new buyer gets to start depreciation over for $15,000.What you're referring to as the 20% deduction in the first year, is what's called 100% Bonus depreciation , and is a new law passed with the TCJA tax reform.

Its 715sqft large open space (previous garage converted into mother-in-law suite/studio), with a full kitchen and fairly nice appliances as well as a full bathroom with a large walk in shower.

We are house hacking with a mother in law apartment in our basement.

Once a law suit has been filed it is illegal to transfer properties.

In my market there are law students and government testers who cold call landlords and tenants in an attempt to drum up a case to work on. 

As an OOS investor, you want to invest in markets that have low property taxes, landlord-friendly laws, and a growing economy(more rental demand).3.

I'm also sure there will be cities that set up rules/laws correctly and will be able to take advantage of this new business model and really rake the tax dollars along side the owners that are bringing in good money.

Until I have the money to jump in, I'll get my relator license and learn as much as possible about laws and rental properties.

I would suggest finding your local landlord /rental owners association and go to the classes the put on re tenant landlord law.

I had already found the Law Firm of Mark Kohler (just google him) who specializes in 'self directed' account including setting up the LLCs for them.