The agreement reached was the landlord would lower $100 of the rent (current rent: $3100) in exchange for us to paint the two bedrooms.

Then you can do a 1031 exchange or sell it at a lower tax rate. 

That’s something you’d want to figure out through tax planning.Regarding the 1031 exchange, bonus depreciation doesn’t affect whether you qualify for one.

I didn't realize, one has to hold for a year to do a 1031 exchange. 

. - tax benefits, can 1031 exchange (kick the capital gains tax can down the road for years until you die)- generational wealth and step up basis (if you die, the value of the property is stepped up to current market value for your heirs.

People responded by explaining that residential mortgage lenders are looking for US-based customers, who have their residence, income and assets in the States.How do they view foreign debt?

Wagner used to work with an agent called Jean Gillen and I contacted them about some turnkey properties they were advertising. after some exchange of pleasantries I shared with her that I bought in Ocala in 2017 via another turnkey group and she went on to kinda talk very negatively about how poorly built these homes are.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.

I have heard positive things - expect lower overall returns in exchange for them doing the work! 

And once you convert it into your primary residence it is no longer eligible for a 1031 exchange.