Be sure you meet the material participant / real estate professional test per the IRS, however assuming such, you could expense as much "business related expenses" as possible to offset your ordinary income (consult with your CPA first!).

Lets say for $50/hour per man.LLC1would pay ordinary income on its profit.LLC2 would pay ordinary income and self employment tax on its profit.

One has a good amount of roots showing and show have even pushed up a brick patio on the back of the home ( about 3 inches).

Actual use, past and current business model an practice, correspondence with your professionals, nature and source of the sale, all can be used to demonstrate your intent.If you want to mitigate the pain of having to pay ordinary income + self employment on your flips you could adopt a slower model where you buy rehab rent refi re-evaluate your intent and finally 1031 (someone help me with an acronym for 1031 that begins with "r").  

Some will keep late fees, others split them, and some will just take their percent like ordinary rent.

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

Enclosed and covered rear patio with view of many trees giving a woodsy feeling.

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.

@Josh CorbyYes, @Brenden Mitchum is correct that rental income is treated as ordinary income.

If the suspended losses are in excess of the total gain, the remaining suspended losses will then offset ordinary income.3.