By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

I thought about doing a partnership return with my wife since partnership returns are audited less, to reduce the size of my 1040, but my CPA said it was not worth worrying about. 

But at this point I am going to reduce it to 2 questions so I don't give you a headache. 1) if a property is being sold as is, is that an automatic disqualification?

It could help you get a lower rate or reduce closing costs.Good luck with your house hack!

Now I want to update or amend the lease to a DOUBLE NET LEASE to reduce my expenses. 

Hi Spencer,For 2025, bonus depreciation will be reduced to a 40% limit.

If portfolio growth is not the goal, then it definitely reduces some of the risk on your side including third party risk (the bank being a party with a vested interest in the property), but also yield adjustment risk.

There's lots of tax planning on this and I would suggest to take a professional opinion on how to structure a transaction in a way that you can make it into capital gain tax or reduce self-employment tax.

Do not reduce rent or offer other incentives.

They may have more flexible terms compared to traditional banks.Just be sure to check the interest rates and repayment terms since borrowing against your policy can reduce the death benefit if not paid back in time.