The current tax code provides special benefits in this situation.When the original owner passes away, the "basis" of the assets resets to the market value at the date of death.In the US, there is currently an estate tax exemption of approximately $13 million per person, which allows the basis to reset, and depreciation can start anew.This “step-up in basis” is particularly useful if the next generation wants to sell the asset.Since their basis is set at market value, if the property is sold at that value either at the date of death or within six months, there is no capital gain and no taxable event.There have been many examples where portfolios of fully depreciated real estate worth tens of millions of dollars have been passed down from one generation to the next, resulting in little to no tax liabilities for their heirs.Pretty cool, right?

How have they benefited you?

This would be a 100% refund for the unspent 4 nights, according to the payout adjustment.

I also adjusted some operating expenses to what I felt were more reasonable and based on my own research (property taxes).

It is ok to ask for financials etc. may need to sign a NDA or make an offer based on what you think the financials are and then adjust.

If your expenses associated with the rented portion exceed the income, you may have a tax benefit if you are eligible to deduct passive rental losses from your other sources of income.

Considering you're planning on putting $15K into the rehab, you could benefit by looking into short-term FNF/FNH financing options as well, if you don't have the rehab funds available.

They never received the cards, I keep them, so there’s no danger of them ever using them on anything and they get the benefits of the higher score

Before we explore this question, an important reminder: make sure that you can benefit from cost segregation, to begin with.

If I can be of benefit to you in any way don't hesitate to reach out to me.