Just like airplanes up until last year there was all sorts of huge tax benefits for buying airplanes.. you got section 179 bonus depreciation.. there is a reason small to mid size corps have them and of course big corps.. as they pay for them selves or nearly so.

Bonus points if you fill in the blank in the title :)

All 3 properties taxes are up to date so thats a bonus.  

It sounds like you have a solid idea about your goals and bonus points for contractors in your family.

However, as a bonus for my partner who used his/her credit for the loan, I will pay 60% of the down payment ($400K x 60% = $240K) but only claim 50% of the shares (equity) of the LLC.

Investors can also choose to invest in the same year as exit of the old property, whereby the new property investment again captures 100% bonus depreciation thus offsetting certain gains or income in the same year.Deferment is the name of the game.

Luckily we used sweat equity to transform this property to a suitable, safe, and clean beach house rental.

My 401K contributions allowed me to retire at 55 but when I started working at 21 we got bonuses to work our butts off, we didn't get bonuses to sit at home and not work.

Investing hundreds of thousands of dollars into the most ugly house in the neighborhood and a few months later seen it transform into the most beautiful and most desirable home in town, it is extremely satisfying.

It is just a bonus if you end up with reduced living expenses.