In my particular case, it was recommended I get a WY Statutory Trust for each property and then have a separate CA management LLC for our STR's that would rent from these Trusts in lease agreement/rental arbitrage situation.I usually just trust the professionals, as I know you've studied and practiced this for many years, and I'm just entering the space.

Use sites like Bigge­rPockets for study.

Study up and maybe revisit this in 6 months.

As part of the tax documents I received from Capital Square, they included cost segregation study for each property.  

We decided to take 2 weeks to study the market to see if there were multi family properties or single family properties with multi family potential even available in our price range.We found a duplex in the roseville area that we are very excited about.

Have you looked into cost segregation studies, bonus depreciation, 179D, historical tax credits, etc.?

It appears that the full building is a rental(business asset) which is therefore, eligible to benefit from the cost segregation study.

@Forest Wu Here's an article with additional FAQs on cost segregation studies that you may find helpful.

Account Closed“Long, boring post perhaps,”NOT at all, your post is quite fascinating, and VERY IMPORTANT.

Therefore, it seems this would be specific to the assets you have in your property.So a one size fits all percentage would be impossible to come up with.If people could put a percentage for the bonus depreciation there would be no need to complete the cost seg study.