I have $20,000 in student loans, $20,000 in personal loans, and $8000 in credit card debtI say to this: Not out of the ordinary, these figures can be said to be somewhat typical when compared to the population.

Thanks  Hi Brady,In all honesty, the numbers don't look too out of the ordinary and the rate seems very competitive given the scenario.

My question is can I use the accelerates/ bonus depreciation against my tax liability for ordinary income?

Nothing here sounds out of the ordinary, but it sounds like you didnt properly prep the home for sale, vet the vuyer, vet their lender.

Yes, I expect to pay taxes at ordinary tax rates on interest income.  

and what this website said http://www.thetaxadviser.com/issues/2014/nov/tax-clinic-06.htmlsays "One shortcoming of an ESBT is that its S corporation portion is subject to the highest rate of income tax on ordinary income (currently, 39.6%). " Hypotheically, lets say there is a trust with 3 UNMARRIED people in it.

Also keep in mind, lending produces ordinary income.

Owning outright gives max cash flow but also subject to ordinary income tax so have to keep tax rate forefront in mind because who cares about gross cash flow, all that's matters is net. 

Can anyone clarify... for your S-Corp's K1, do you retain your profit as ordinary income (Box 1) or distribute everything to yourself (I believe Box 12)?

You might see my detailed article I posted in my LinkedIn Group - Mobile Home Park Investors.RVs however have an engine built in (or are easily towed by an ordinary pickup truck), and they come and go all day long.