Bonus depreciation is a one-time election per asset at the time of acquisition.

Congrats and good luck.I'd recommend against a syndication on a deal this size because you can expect the costs to be $10K+, which means you are giving up a large % of your profit to legal fees.

Just went under contract on a home in South Bend, working with an AMAZING broker from St.

I am focusing on the part of your post asking -"would it be legal".

@David KanarekI see you just started posting here on the site 2 days ago and so far strictly the posts about Norada notes.  

I talk quite a bit with my buyers.

This is why a lot of syndications also fail - they raised a lot of money because the promoter was a great marketer but awful manager.2.

I cannot put contact information in a post so you can send me a message for their information

Apologies in advance for the long post!

A few weeks ago, I came across a 16.5-acre vacant lot in an area my wife and I really like.