We located it through simple online searches.

There is no need to separate out the operations from the property just as it relates to bonus depreciation - the same amount of bonus can be claimed with either structure, and grouping elections if needed can lump it all together for addressing any passive / active splits.If it is a relatively small hotel, I would lean towards keeping it simple and just doing a single entity. 

A lot of people prefer "simple" agreements, but truth is, there is a lot of moving parts in the property management business, and the PMA should take this into account. 9) Access for communication.

Its a consideration, but unfortunately not as simple a solution as I would hope for. 

Talk to zoning about possible simple storage structure.  

Would you guys like to start with a simple Zoom call to discuss how we could get this off the ground?

While originally this tended to just be simple geographic area like a city, zipcode or subdivision, you can now get quite a bit more sophisticated.

The cost of repairs and tradesmen seems to have skyrocketed after covid, a simple pest control for ants costs above $250, whole house paint of a 1400 sq ft 3 bed house costs $4k or more, a new HVAC costs about $6k, a plumbing repair costs $200 or more, a new water heater costs $1000-$1500.

My extensive experience with heirs and probate tells me that nothing is as simple as just buying your BIL out.

It is a cannon in both, and almost engulfs simple tasks, making them overcomplicated.