New windows, roof, adding central air new furnace. new paint, electrical, water heater etc etc. huge concrete patio and driveway What was the outcome?

Result is I claimed 15,000 depreciation which when I sell, i have to pay tax at ordinary income tax rate.If i do not claim "active participation", then the 25,000 will be carried forward as "suspended loss", and if i sell my property next year, the 15,000 depreciation that was not used can work to reduce my depreciation recapture income / tax.

On a flip you are subject to ordinary income rates instead of capital gain rates.

Send a letter that you have paid in full the agreed amount, any “changes” gc wants additional money for were to address non-workmanlike results that were expected and ordinary, but that you are willing to pay $20 for the base trim at Home Depot prices (maybe add $30-50 trip charge for worker to go buy) as an offer in compromise or good faith.

Do you deduct the "common/shared" expenses at the LLC level on the Schedule K-1 as "Ordinary business income (loss)"?

Cash flow is taxed as ordinary income (no FICA, though).

Banks ask a ton of requirements that it is almost impossible for an ordinary investor to get qualified.

I know the Federal statute laws, and I am going to assume CA follows Federal (ordinary I would look this up, but you are not my client).

Besides any potential capital gain on the property, there will be recapture of the depreciation which needs to be reported as ordinary income for the LLC's tax return and flows to the principal. 

Don’t be ordinary and take calculated risks.