My cap ex has been calculated by replacement costs versus expected life expectancy of all property components.I allocate pm even if self managing because my time is very valuable and I deserve to be well compensated.Using my underwriting, this property is very large cash flow negative.  

What does your financial plan asset allocation say?

The opportunity here is that you can allocate the proceeds however you want in your purchases to give yourself the most optimal debt/equity ratios.2.

Most investors focus on “price,” but smart investors focus on structure.A $10,000 discount looks nice on paper—but the impact on your monthly cash flow, debt service coverage ratio (DSCR), and approval odds can be underwhelming compared to the same amount in seller credits.Here’s why:A $10k price reduction might save you around $60 per month on a standard 30-year fixed loan.A $10k seller credit, used to buy down your rate, could reduce your payment by $140 per month or more.That’s more than double the savings—and it improves your property’s DSCR, which can be the difference between getting approved or not.In a world where every fraction of a percent matters, understanding how to allocate negotiation dollars is a hidden superpower.

It’s more work and cost, which is why investors don’t always use it.)Because land doesn’t depreciate, you first allocate the purchase price between land and building (your example uses 85% to building).

You can catch up with depreciation not taken in the past, including retroactive cost segregation.But 50% allocated to bonus depreciation is way too high for most properties.

Since you've got to pay tax on that anyway.This would give you growth in both real estate and equities, slowly re-allocate your portfolio, and do it without that huge tax bill of a real estate sale. 

I allocate $25,000 per property and rarely exceed that.

And even if you do know that, how would you—without professional tools—determine how much of the property’s value should be allocated to the building?

In addition, I am unconvinced that the rental has positive cash flow even at $2100/month rent (meaning I am pretty sure it does not) when properly allocating for all expenses (PITI, vacancy, maintenance/cap ex, PM (allocate for pm even when self managing as your time has value), HOA?