If so, the property could qualify for bonus depreciation which allows the taxpayers to deduct 100% of qualifying property costs.

But since syndications qualify as an RE investment in regards to taxes, you can take the advantages of bonus and deferred depreciation.

Bonus points for examples or ideas involving 2 partners, equal distribution of work, with 1 partner providing 100% of the financing.  ;-)  I can provide details of my situation, but really hoping to hear your wisdom first.

The fact that they are paying is a bonus. 

People working through the pandemic got bonuses and stimulus money and if they lived in a city area where its fearful to raise a family with a deadly virus looming around threatening to kill everyone (whether you agree or disagree  to how valid that is many people still have the fear mindset) has pushed them out to home ownership verse apartments especially if they can work virtual. 

As minimalism and home officing have been trendy lately, would the overall resale be impacted up or down as bonus office, or lack of storage?

The gondola anchors the upstairs bonus room where it shares space with a 70-pound Monstro the Whale tooth, “Pirates of the Caribbean” pinball machine and hand-painted attraction signs once attached to the side of the Disneyland Omnibus.

If he passes away before the loan hits maturity, his children inherit the note and pay no capital gains.The benefits for the seller are that I was less likely to back out years down the road or running into a situation where I just couldn’t get a loan at the time of purchase or any other external factors that could have prevented me from executing the purchase.The benefits to me are that I own the place today, am paying down debt and building equity and I got to use massive bonus depreciation to help my personal tax situation.One thing I would recommend either way is have a couple banks look at the deal today to give you an idea of what they would like to see when you ultimately need them to finance the purchase or refinancing.

This was listed as a 3/1 but I noticed there were two additional "bonus" rooms and plumbing was started for another bathroom.

Not every city has "bonus tenants" such as students from universities, government employees from state capitols, and armed forces from military bases.