Posted by MikeC NJ on March 14, 2006 at 12:08:01:
Are you asking about depreciating the property or items purchased for each property? IRS Publication 527 states that all residential rental property and nonresidential real property must be depreciated using the mid-month convention. Other property i.e fixtures, equipment, etc, are subject to the mid-quarter or half-year conventions.
If you are asking about furn & fixtures, I would consider if each property is owned by different entities/corps/LLc’s or if they are all owned by the same entity. If all are owned by the same entity, I would treat ALL purchases for all properties together. If each property is owned by diff. entities, I would treat on a property by property basis.
I am not a CPA but I do work in the accounting profession. HTH