A syndication will only pay out quarterly and the bonus is towards the end when then sell/re-refi etc.  

Assets identified in this study include:Bathroom Fixtures: Bathtubs, vanities, showers and toiletsStructural Components: Drywall, wood framing and interior partitionsBuilding systems: water heater, electrical distribution, HVAC, plumbingInterior Construction: Wood flooring, stairs, ceramic tileSmoke detectorsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Will they lose their ability to deduct bonus depreciation against their regular 9-5 income for all future years?

#2) Why is everyone I know buying  STRs and doing accelerated and bonus depreciation?

Lastly as an illegal unit it is  huge liability if there was a trip and fall claim, fire etc your insurance may not cover.I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. last option not considered is you living in the bonus unit to have a free place to live with minimal risk 

Just be mindful that georgia does not recognize bonus depreciation. 

Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like.

The 1245 property (think personal property and bonus depreciation) is recaptured at ordinary tax rates though… so the new property must have an equal amount or more 1245 property. 

Can anyone recommend an investor-friendly agent (bonus if they can also analyze deals)?

Ohio also has a couple of other special rules such as the CAT tax and a funky bonus depreciation treatment.