With your background as a licensed agent and your extensive experience in both commercial and residential construction, you’re definitely in a great position.

I can't say for sure if the BP calculator offers such a calculation as your tax situation impacts how the depreciation will effect your return.By bonus depreciation I'm assuming you're referring to doing a cost segregation, if this is the case you'll definitely want to review your tax return to determine if you can even take advantage of a cost segregation.

I can that STR'S are definitely riskier than a LTR.Everyone needs a place to live, everyone doesn't need to go on vacation or travel.

Hello Salvatore, per the BOI Small Compliance Guide v1.1:2.4 Who qualifies for an exception from the beneficialowner definition?

It's definitely possible and we have done some similar deals.  

Yes I can most definitely have the Revocable trust own the LLC.  

As the the lines get blurred on who is interpreting the definition of these terms correctly, the desire from the owner to update a property that from the naked eye needs work should be absolutely heard.

Don't overdue it but definitely do something small or big before putting it up for sale or rent. 

And definitely better to ask here with people who may be able to help and than assume. 

I found value in it, so I have renewed my membership each year, but the students definitely got more aggressive in the underwriting the last few years and now those deals are paying the price.