I truly appreciate you sharing your knowledge with me.

You can use it for any business you can imagine, as long as you understand the accounting principals associated with that business and how it all works together.In QuickBooks, you can set up projects for each flip and keep track of them on the balance sheet - where they belong - up until the moment of sale.If you don't have a lot of accounting knowledge and are relying on QuickBooks to be intuitive, then you are going to be VERY disappointed. 

Very knowledgeable.

Walking the property or having someone you trust, is key to make sure you have full visibility and knowledge. 

I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate.

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

For your rinse and repeat househack plans, discuss this with a knowledgeable lender.

Can anyone with knowledge of bonus depreciation weigh in on a scenario I’m piecing together?

Since it's not a tax lien sale, but a deed sale, we are ultimately looking to acquire the property anyway.One thing that I do need-  a good RE attorney with knowledge of Deed sales in PA, hopefully Montgomery County. 

Their responses are articulated well, on point, appears to be from a person that has knowledge of their program, and are not point and click pre scripted responses.