My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.

However, bonus depreciation doesn't apply abroad; instead, the Alternative Depreciation System (ADS) with longer periods is used.The Short- Term Rental Loophole Explained (biggerpockets.com)

Become great at systems and processes because that is really the only thing that makes investing work consistently.  

Whichever way you go, do your own taxes or get a CPA, make sure you have a good bookkeeping system for each rental and I'd recommend getting a business checking account - when I had my rental income and expenses mixed in with my personal account, it took a long time to sort through which was personal and business (rentals) with pages of bank statements. 

Im sorry I do not have experience with any system like this so I cannot say which would work better, I see merit on all of the options. 

Legal system here only helps the wrong side!

There are better systems for under 5% of that.

@Dawn Miller Great I would follow our system to create 2 notes and calculate the what each note should be. 

But I think I've got a good system with my AIO and my portfolio.Im using Northpointe. 

The inspector checks the plumbing and electrical systems, the roof, the foundation, the HVAC system, and the general structural condition.