I have a hard time believing this since the IRS describes it as a "special allowance" and "exception to the general rule". 

Not understanding and following the rules can cost you greatly.

The amount of bonus depreciation you can take may change each year - 2023 the amount is 80% (but there is legislation that may change this to 100%).Actively managing the property doesn't change the IRS rules on whether or not an asset is eligible for bonus depreciation.

You know, there was once this guy who would do 50/50 deals with note investors and had a lot of negative opinions.

Non-person/biz-specific, covering a specific topic(s), that can have 20-50 share in for 30.45/60min?

Generally speaking so this is not like wholesaling houses. which sellers will let wholesalers tie up a property with 50 bucks or 500 bucks.. the deals i buy I have to put up 100k in cash to start the process  How do students of Cody's provide proof of funds beforehand then? 

Typically the houses we rehab are 20 - 50 years old.

Do you want 100k in a maintenance hog, or do you want to have  50% of a really nice 200k property, or 25% or two 200k properties.The other piece of information you have to find is what returns you could get on your money if you bought something else.  

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

We would like to follow the BRRR strategy and would likely be looking for something in the 50-60k price range.