The remaining depreciable basis will be captured over future years.

I know this is generic and theoretical situation, but I'm trying to decide if I'm even close to enough to consider it a future option.

They have worked on a lot of projects for investors I have worked with and I'm sure they could help you on this current or future projects .

The 2nd part of the question would be what is the family situation how many siblings will inherit the property if the property passes, and keep in mind your husband has his inheritance in that property as well, so you should consider that when negotiating a price.If you can I would try to build a quadplex on the property, this is going to be the easiest way to generate money, and the most stable route for future income. 

Hello Tomas,For your first and future flips, you can try finding deals through wholesalers or realtors.

I’ll certainly discuss our developments in the future here. 

if the building cashflows really well ... it wouldn't be a big deal to use a loan for dp right...at 10% down for lower income housing I don't have much money and I think that this is the best way to get multi-family management experience to meet hud loan requirements in the future which Have the lowest Down payment options.Am I overthinking it?

They could control the future of your loan. 

Eventually the money will come with me doing my own deals in the future.

I would also say review everything they do and set up this way you can start learning how it is done and what is required so you can do it yourself in the future if that's the route that you are wanting to take.