., additional deductions) is case dependent, but segregation typically provides benefit compared to not segregating.You can generally apply bonus depreciation, but the phase-outs apply (don't seem applicable here given the years placed in service).Tax positioning is also relevant here.

Additionally, understanding the needs of your clients and providing exceptional service will help build long-lasting relationships and a stellar reputation in the industry.

If it's not clear what I am asking, please let me know and I will try to clarify.Here's additional info about our situation.Operators: 2 member LLC. 

And the entire pocket of the neighborhood changed because of it.Where It Ended UpToday they rent for $10,170/month (~$1,017 per unit).They cash flow well.I still own them.And since finishing, I built two new houses + two new duplexes (six additional units) in that same micro-neighborhood.What was once a rough block is now fully stabilized and improved.If I had to sell them today?

I'm thinking about brining on a family friend as a business partner to split the work and bring additional capital, but I don't necessarily need them...This is obviously a big ask on a first time house hack, but would love to hear if anyone has ever heard of people successfully executing this strategy?

STR would be an additional lane, not my first exposure to real estate. personally to me, even if you buy something on the other side of the country, you should visit it a couple of times a year to do exactly what you said. inspect it, visit it like a guest and see what they see, meet with your local team.

There are other specifications (like how close to the lot line on all sides, etc), but the point is, it can be done.So, I would focus my search on properties with the lot size, shape and placement of existing home that allow for additional ADU placement. 

Dan is right, OOS is hard and you will face an additional cost burden local investors don't have.

Either way pay off your debt quickly and build equity in the property with value added ideas - curb appeal, bedroom additions, rehabs, paint & paper and etc. 

DSCR is a great tool for the situation where conventional does not make sense or cannot be done, but it is more expensive money with additional terms and conditions (i.e. pre-payment penalties).