Anyway, that means you would start depleting your account at say age 75, not 60.Thanks for the upvote. 

Once you choose your depreciation schedule, you cannot modify it mid stream, you are on that path until you either sell the property or deplete the depreciation life of that component. 

Therefore, for taxable years beginning after December 31, 2021, and before January 1, 2024, ATI is computed with regard to deductions allowable for depreciation, amortization, or depletion (i.e., earnings before interest and taxes (EBIT)).

Then, you could make improvements, clean up homes, bump rents etc as it is near certain that this unfortunate gentleman has neglected things for a while.

Costs for rentals can quickly deplete any CF you have and the less dollars per door, the more risk you assume.

If things go bad, you could end up needing a lot of cash to clean up the loose ends. 

@David Moudy hey David, I just need to clean up the property.

For example do you do demo on day 1 then day 2 is cleanup, day 3 is drywall etc, etc.

He helped get pictures ready for the listing, and was always happy to clean up and disappear when I needed to show the place.

It helps them mitigate the loss by being able to do shorter terms or mo to mo leases incase the rebuild (or in some cases, just clean up efforts or water damage repair etc. doesn't take that long...it gives them options).