Depreciable property with an asset life 20 years or less is eligible for bonus depreciation.Bonus depreciation for 2023 is 80%Also consider the Deminimis Safe Harbor Election to expense items below $2,500Best of luck.

In which case, I do understand the difference and have elected to be considered a sole proprietorship for tax purposes. 

As in each rental activity is treated separately unless you group them under an election.6)Most people do not hold on to the residential rental property for 27.5 years.

Which the current President seems to have muddled beyond belief on both accounts. 

Unless you elect special tax treatment they have absolutely zero effect on taxes.  

LLCs also can be disregarded entities if they have only one member and have elected to be taxed as a sole proprietor.  

I am expecting a pretty soft market by late Fall this year and probably for the next year with the election circus that's about to happen.As @Bobby Sharma said, if you are looking at wholesale properties, you will have to ensure that you do your due diligence and verify every number.

It shouldn't change your taxation unless you elect to be taxed as a C Corp or S Corp... 

When it comes to minor repairs, you can go with an unlicensed handyman, but you should get lots of references, put everything in writing and as has been said, no money up front.I’m currently a full-time wholesaler in the Baltimore-DC area and president of MAREIA, a local investor association.

I can tell you that a Judge will err on the side of caution because end of day, there elected, and have to operate "C.Y.A." in rulings.