What criteria or requirements must be met for this to happen, and what’s the process I need to follow to ensure compliance with the law?

There are 2 MH currently, a 2001 and 1997.There is a lot of value add to this property, and is my interest in it.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

I've learned a lot in general and I can see that this is a great community.

This will clarify and reinforce what you are reading.

However, lately I’ve been testing an AI-powered system that autopilots real estate lead gen and deal management.In just 30 days of using this AI system for follow-ups, our response rates doubled, and we closed 3 deals.

Quote from @Kristian Forbes: Please let me know if you're ever around this area.

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

great... how did you finance this?

Due Diligence is Critical—Don’t Waive Inspections•Since this is your first investment, make sure you follow a solid due diligence process before purchasing.