Heads up it might be nice to get a lot of depreciation up front but that little allocated to land is also going to reduce your capital gain later.Let's say we take 25% of the 300.We get about 75k in bonus.But if you both have high paying jobs, the activity is passive, and will likely be phased out at AGI greater than 150.So unless you have 75k in passive income to offset it, perhaps reconsider.This is oversimplified of course.At a 32% marginal rate the NPV of the deductions carried forward are going to drop significantly.

Basically we'd just allocate a certain amount of your escrow to your monthly invoice.

Where you you allocate your rental income and security deposits from your actual personal accounts? 

I have a hard money lender that has offered 80% LTV, but that exceeds the cash I have allocated.

You can obviously get burned if your equity allocation went against you and run the risk of margin calls.  

If you're improving the property in any way, fix it, change use, change zoning, then much of that return is allocated to that increase in equity.

They have just allocated another $36 million. 

As a matter of fact, I'm going to allocate time to the research because I think it may be an actionable thesis.  

Who cares how it is allocated.  

But I’m sure your CPA could figure out how record your contributions to the LLC and allocate costs, if not, get a new one.