Reality is Real Estate Transactions are complicated.

Establish a solid reserve fund (3-6 months of rent) to cover unexpected expenses or vacancies, which are inevitable over time.Make sure you're well-versed in local landlord-tenant laws to avoid legal complications.

These are also more expensive and complicated. 

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

Yes, I know bonus depreciation is 60% for 2024.My questions:1) Does this sound valid, or are there many more complicated steps for this to work?

Straight am doesn't add that much more for you while IO adds a level of complexity and seller convincing that's unnecessary. 

If it's a more complicated structure than a single-member then I think the advice above is relevant.Most people asking in this context are usually looking because they need it to confirm a loan for an LLC they already have or just created and don't need anything fancy to start.

NOtes are much more complicated with a lot of regulatory issues etc that buying RE simply does not have.

Regarding the concern your brought up;The ORIGINAL Borrowers impound escrow funds from their Lender that are to be deposited into the Attorney in Fact - corporate account, in theory should be OK BECAUSE;# 1 - They ALSO have a written agreement with the ORIGINAL Borrower on the loanthat they have relinquish any interest they they may have in those impound funds AND # 2  - Did give and Grant a SPECIFIC POA - power of attorney rights to their ENTITY to act on their behalf in matters dealing with the PROPERTY and and the LOAN or any assignee of the Loan.NOW here is a TWIST and POSSIBLE FUTURE COMPLICATION that COULD exist when someone has taken over an existing loan SUBJECT TO that loan and ALSO has a POA and other such agreements.

**Seller’s Financial Stability**: Verify the seller’s current financial standing, as any liens or judgments could complicate the deal.4.