It's so funny that no one but me saw the writing on the wall before we even got the funding letter.

Granted I have allowed too many to be in one entity and I am now up to 3 entities, but even 3 is a lot more work than one. 

She doesn't care about crunching numbers (even though she's an accountant), ROI, ROE, or anything to do with real estate.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

When reaching out, it helps to offer value in return—think about tasks like checking on properties when they can't, delivering materials, finding reliable contractors, or even handling basic project management tasks.Building genuine relationships and showing you're willing to contribute will go a long way in earning their trust and gaining hands-on experience.

I don't know anything about their policyholder experience.However, every homeowners policy I've ever seen, even with a "home sharing" endorsement or rider, requires some owner use of the property. 

This means youll need to be licensed, work under a broker, and be fully operational as an agent, even if you dont close any deals. 

The latest timeline given to me for one of the properties is Mar 2023, but the other property has not even broken ground yet.  

Even though my question was framed leaning towards my son not being too exposed, is there benefit otherwise? 

I just bought a $400k STR and the break even point with 25% down is $54k with a 2% sinking fund and 3% maintenance built in.