Another bonus is that most mobile homes are seller financed so you don’t have to deal with the scrutiny of a bank or the high down payment of non-owner occupied investments.

I've spent more time reading about HOW to lose this fat than putting in the effort to actually losing it, like going for a jog or consistently doing workouts/exercises.I just "jumped in" with renting out my bachelor pad and not knowing the true costs, I ended up selling that property because it was a financial dog, and putting it into a duplex.

The accelerated depreciation is actually has name:  bonus depreciation.

For W2 base salary income, or hourly income that's consistently 40 hours/week, you are correct.For self employed persons, specifically, tax return income is typically what prevails. 

Investors who hold properties in their personal name get home/landlord insurance, perhaps an umbrella policy (which then can also cover your other personal policies --- a small bonus), and keep their properties in good condition.The limited liability aspects of the LLC bring in a lot of issues of making sure you operate the LLC "cleanly." 

We have a property that consist of a house and a guest house.

There is no consistency and that’s good for you.It only means you must be clear about the issues that are important to you and search accordingly.

One such example is if you take too large of a bonus depreciation deduction so that your property does not have any remaining basis.

Imagine the landlord that hasn’t seen a dime in rent in more than a year and then they get hit with $150 charge out of the blue and still don’t get any rent.Also as mentioned above, I would hope there isn’t a % of rent charge on top of the $250 (which yes seems very excessive.) you’re saying the $150 covers applying, so the $250 just seems like a bonus to the PM without any additional work.I assume these tenants were placed by the PM.

My portfolio consists of a retail strip center, a bank, and then various SFR, 4-Plex then a couple of other commercial properties.