I didn't know if there was a "go-to" or a good starting point in this asset class.

Big discount due to it all being on line or digital now. 

What kind of assets are you targeting and what financing are you using? 

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

. - Is starting an official company/business the only way to obtain a net worth of $1 billion worth of assets?

I don't know that creating a portfolio in a year that generates 80k cash flow is a reasonable goal given your current knowledge and assets.  

@Srinath GopinathanSo a LLc must be completely separate from you for asset protection so once you were going to deed it to an LLc for free here is what you doYou deed the property to me for free and keep your name on the mortgage.

The seller data is useful but it must be evaluated within the context of your own investing knowledge and experience.A local property manager who manages similar assets can also provide useful data.Use your local market knowledge and experience to develop a proforma you feel confident in and proceed from there.Arn

The key is to show your intent to hold both old and new asset for investment.

If the project were to fail, the lender has recourse not only to the property but also to the personal assets of the guarantors.