Hi all,I have a question regarding bonus depreciation.

Offer a $1000 bonus to the realtor (a tip as it were which has to be paid through their broker) for finding a buyer within next 30 days of date posted and closing the deal You can print up the offer, the address, your contact number drop it off at each real estate office and have them post it where the realitors can read it and know about the offer.

You may be able to take advantage of developer bonuses which would allow you create more units than you think.

An LP using depreciation can claim a tax loss on their K-1 equal to the amount depreciated, and the LP can augment how much they get to depreciate through cost segregation and bonus depreciation.

If an extra $80/mo on a hundred thousand property is going to make it a bad deal (reduced year after year, and BONUS, more of those tax deductions you were looking for.) then it’s a bad property to buy. 

She will be making $168k/year before bonuses after she finishes law school and I cleared well over $100k last year in 1099 income.

TI's tend to be heavier on medical but because build out is extensive they tend to not want to move and stay a long time which can be a bonus.

Bonus Question: How do you go about finding a team of trustworthy contractors when you are new to the process of doing renovations?

It's worth checking with a CPA to see if bonus depreciation is still available to write off the initial furnishings, etc. when you get rolling.  

And we cannot have a garage as a bonus room – it’s not allowed.