Bonus question: Is there a way we can pass the MACRS depreciation of property after stabilization onto the investors to provide them a tax benefit?

And if you want to implement a penalty clause, then you'll need to have a bonus for completion before a deadline. 

Give yourself a window of time to accomplish any repairs required between residents.As an added bonus, when you pre-lease your home you have more time to screen and interview prospects instead of being rushed to make a last-minute, less-thoughtful decision.These are just a few of the action items that professional property management companies employ every day to ensure low vacancy and happy clients.

Just look at your big exposure items; roof, floor, ceiling, footings, HVAC, windows, water/sewer, any EPA. 

Cash flow being a bonus.

I wouldn't necessarily call them marketing tactics, as it's really just the basics in branding / exposure / recognition, but it's something we are working on.

Secondly, if the ownership percentage is the same there's not much need to a get a 2nd LLC unless there's activity in the property that would increase your legal exposure.

As a few others have mentioned, look into Qualified Opportunity Zone funds.Also, you could look for passive real estate syndications that will do a cost seg/bonus depreciation, and use the big first year paper losses to shelter your profits.

Bonus Comment!

The inspector for the property also mentioned needing a vacant building license which was a nice bit of bonus info since this will be our first gut renovation and still learning a lot about the entire process.