Hello BP STR experts, If I buy land first for constructing/manufacturing home, can I then claim bonus depreciation for such a constructed/manufactured home and use that calculated depreciation amount to offset my W2? 

This exceeds the small claims court's limit of $10K. 

In short, if it is unrealistic they would ever accept $1150, I would like to know beforehand, as I don’t want to be shooting my sled in the foot. 

But nothing in between, as those deductibles prohibit you from opening any claim that is not total.3.

I’d challenge you to find a single post where I’ve refuted that claim.  

A promissory note and deed of trust are important but there are also other disclosures and documents you should collect to help protect the loan - Lender's Title Policy in 2nd position behind the bank loan, Loss Payee on the hazard insurance policy binder behind the mortgage lender so your parents get reassurance they'd be paid back if there were any claims that need to be made.

Most of the time no asks, they just quit claim it to the LLC.

He is now "claiming" that he took a $70K loss but has not provided any documents. 

(Compare it to your last repair bill)  Then I would dig deeper into the claim.

That is also leverage in getting him to pay.If this isn't a huge issue, I would take him to small claims court.