Yes, you can apply bonus depreciation to a converted property, with some caveats:- it will be based on your original purchase price, not today's value- bonus depreciation for 2024 is 60%, not 100%- most importantly, you may or may not benefit from cost segregation/bonus depreciationRead this: https://www.biggerpockets.com/forums/51/topics/1075919-five-... 

based on your rent numbers, i might be renting below markets rents.

The investments should be chosen based on increased wealth, so that an investment in land, providing no income, but likely to triple in value in 24 months, would be chosen over a office building throwing off 12% income, but unlikely to increase in value.  

I absolutely would not recommend that you attempt to limit who you are renting to based on their level of education.

Based on the info provided, one can qualify for the proposed purchase or property.

Because I played ball and did everything by the book and got all the permits etc., they have re-zoned my property as residential/commercial use which evidently was their solution for people not getting the permits but puts me into an entirely different tax structure. 

Some people just want their questions answered & since what we leverage is built on any knowledge base we feed it, as well as every inbound conversation, its adaptive, besides it already sounding like a human rather than a robo-dialer.

I'd be interested in a fee based vs. percentage....Mike

NO, you do not determine how much sec 8 is going to pay, it's based on the FMR and in some cases they pay more. 

Assuming a required rate of return of 5% (comparable to high-yield savings or a CD), the deal would need to yield a total CoC return of 10% (since everything is split 50/50).I'm stuck because while playing around with numbers, achieving this return seems improbable if not unrealistic.