The promise of accelerated depreciation and immediate tax savings is attractive.

It reminds me of one of the TAX sale how to traveling freebie events that came to town last spring..

Sure you’ll be taxed on it.

States Can Still Require Additional FilingsEven though 506(b) offerings are exempt from state registration, individual states can still require notice filings and fees.

Broker fee on that loan size is usually 2.5-3 points.

Not only were tax shelters stripped of their tax deferral capabilities, but they were stripped of it RETROACTIVE, allowing the IRS to recalculate tax shelter investors income going back 7 years.  

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

And, it's amazing how many closing costs are junk fees that we as investors need to pushback on paying for ourselves and our clients.

Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense. 

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant.