It depends on where you are too if this is worth waiting on as in some areas (higher price point markets) the ‘bonus entitlement'/2Tier for first time users of the program can be higher.

The unexpected bonus was my personal credit got a boost and I no longer had any long term debt personally.

And the tax free portion you can use to invest in any other sector inside or outside real estate.And the biggest bonus - you won't get to ever get all of the gain tax free. 

FHA gets a "bonus" since even 4 family units are allowed to be 3.5% down...Generally, nowadays investor properties are 20% to 25% down as I recall depending if its on teh purchase or on a refi (latter is definitely 25% down / 75% ltv)But, I think back to your question...  

**Bonus question: can anyone give me some good tips on how to verify a wholesaler is legit and not a scammer?

The extra house is a bonus though if it’s illegal would not give it true market value and let them sell it to me as a multi when it’s not.

I think where your thesis goes off the rails here is using the presumption that you can offset your gain from the first sale from the bonus and accelerated depreciation from the second deal.

I was able to work with a smaller lender who set me up with hourly base pay and bonus structure for assisting other LOs while I learned the biz, got licensed, and developed my own lead funnels.

The term in law suite may have thrown them off- I suppose had the wording 'bonus rooms' been used, it might not have been an issue for this rep.

* A bonus play would be purchasing a small commercial property with at least a 25 space lot in the aforementioned areas; the idea is to convert the lot into paid parking to force appreciation.