Both partners typically share 50% of the tax benefits.2.Bonus depreciation applies to offset any income, not just W-2 income, including passive or active real estate income.3.Yes, if you don’t hold the property long term or exchange it (e.g., through a 1031 exchange), you may have to recapture the depreciation upon sale.4.Switching from long-term to short-term rental (STR) applies for the full calendar year when calculating depreciation benefits.5.Using co-hosts may help, but be cautious of the 100-hour requirement for material participation.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

There are pros and cons to each set up but the biggest con of closing in a LLC is it typically requires business purpose loans that have less advantageous terms than conventional financing.

I am unsure what case law there may be regarding STRs with regards to "public accommodations" versus a typical rental arrangement.

After that, the tide usually reverses.STRs typically have large tax losses in the initial year of operation - but only in their initial year!

Identify a property to build on, I don't know in Nova Scotia what the replat or subdivision rules are, but locally we can typically purchase a property and do a minor 1 lot into 2 lots subdivision process in less than 6 months.

Typically, the loan origination fee is a one-time charge that covers the lender’s cost of processing the loan.

So, a typical turnover takes me 4-6 weeks.

Typically a lender/bank would have some reserve requirement (3,6,9 months) that you would need to abide by, but in this scenario it's a seller financed sale, right?

Yes, you can still deduct the capital improvement expenses, but they must be capitalized and depreciated over time, typically over 27.5 years for residential rental properties.