I think that would fly legally.not the smartest for your relatives.. but do check it out.. its when you have multiple bene's on one mortgage trust deed that Securities comes into play..

They were all long plays. 

I would imagine operating in NYC right now is essentially playing with fire.

.• Bonus depreciation is winding down, as many of us know.

But if you do renovation after you move out of the primary residence, you might be able to take benefit of bonus depreciation or sec 179(if qualified). 

If you have to ask, you're the one that's going to get played.

Interested to hear how this all played out. 

Outside of real estate, I enjoy spending time with my wife and kids, as well as playing golf, collecting comics and sports cards, and binging the next show on Netflix.I am very excited to meet people with common interests, network, learn, and help where I can.

Each piece has a vital role to play.

It’s a great time to buy during the low season to get launched, stabilized and get your tax write offs now (60% bonus depreciation this year vs 40% next year).