There is yet another wrinkle to that wrinkle under the 514 treasury regs -- if substantially all of a property's use is directly related to its exempt purpose, it is not considered debt financed.It's very possible a church could invest in rental properties to further its tax exempt purpose and not incur UBTI.Good convo to have with a lawyer and a tax CPA/EA.

Professional landlords like yourself with substantial portfolio that are local.. are just another business. and successful one.. same equity owning a car dealership.. or a handful of Mickey Ds all make the same kind of revenue.. its just one way to make money in America.. 

The idea is for the bonuses to be fairly substantial and payable when I refinance each property.

I have a substantial monthly positive cashflow for many of these properties.

The spreadsheet allows you to see how over time, there are substantial things to be aware of that you might not have considered.

Sometimes it’s better to take sec 179 if both bonus and 179 are available to get higher depreciation no.Mine all generate substantial taxable income (also the reason I am interested in IRC 199A).

The house is in Northern Virginia where rents are high and I would have a substantial cashflow if I rented all 4 rooms. 

If you have substantial personal assets, or cash flow and/or equity to protect, or other reasons to fear litigation, you'll also want asset protection.

I'd take a big enough chunk to buy as many doors/pads as I could - the return on the money is going to most likely be substantially higher than the interest rate on the debt.

Tax write offs – None – instead they are heavily taxed and have substantial on-going fees (fees that are often hidden from the investor until they go to cash out) 4.