It allows you to reclassify components of your acquisition and rehab from 27.5-year real property to shorter 5, 7, or 15-year depreciation schedules.

My current project is an integrated Google Ads / Meta lead funnel with targeted and re-targeted advertising to a very small and defined audience.

If you are going to go thru the property, be sure you define what you are providing in terms of intel. 

If the exit mechanics aren’t clearly defined up front, these deals can drift and create tension fast.This tends to show up more in secondary markets with local owners who are asset-rich but liquidity-constrained, especially where bank execution isn’t straightforward.When it works, it’s less about clever structure and more about clean incentives and realistic assumptions on timing. 

Make sure there is a clear operating agreement, defined profit splits, decision authority, and a plan for what happens if the project runs over budget or takes longer than expected.

If you defined your exact “buy box” and committed to it for 60 days, would that remove the paralysis?

If you want to be a passive investor, the first steps are to review your finances (credit, savings, reserves), define how much income you’d like rentals to produce in retirement, and decide whether you’ll use professional property management from the start.Next, focus on learning how to analyze a simple long-term rental.

Find a PM with a clearly defined SLA - response times, reporting standards, repair approval process, leasing timelines.2.

A couple things stand out:- Does your monthly debt service figure include the principal component as well, because if so, that needs to be accounted for. - Closing costs are likely to be higher- DSCR loans cannot be used for distressed properties; it looks like you have the order reversed; you will need to rehab the property first, then get a DSCR loan afterFinally, the returns in rental real estate are not solely from the monthly cashflow.

Many carriers will define sewer back up as different than overflow.