He gave me the following fee schedule.

You still claim the income as miscellaneous income and deduct property taxes and mortgage interest (subject to SALT and other high mortgage limitations) on your Schedule A, but that's it.2. 

@Eli JermanYes, you should hire a tax professional.

Is the below fee schedule normal?

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.  

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

Somebody bought that house at Tax Sale.   

Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.

I set up tax lien as a keyword alert so I get alerted when someone mentions them.