Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

Have you called your bank/servicer to talk about your options? 

@Chris RagerUsing Legal Zoom or similar service for a multi-member LLC is --- in my opinion --- legal suicide.

High price for low quality service.

I’ve been considering their service but wanted to see if anyone else has had success with them.

Hey @Lisa Mallory , I am so sorry to hear that and I am devastated for all our amazing hosts in that area.

Buy you a super cheap used RV and be their "host" /park manager as a part time gig. 

BiggerPockets Real Estate Podcast host @Dave Meyer want's to help our community learn by giving real life examples of deals folks from our community have purchased or are considering purchasing by reviewing these deals and walking through step by step how he would think of this deal!

He also informed me that they do not have a license to offer the services they claim they do.

Things that cause delays are many sponsors maybe 1-3 people and they outsource their investor relations so the first person you contact is not a member of the company but a call servicePersonally I would not invest in a fund / syndication that has a call service on IR side as if things go wrong you will never hear from them.