Cost-Seg & Bonus Depreciation is rarely beneficial for the first time MF passive investor.  

It earns more rent income as a short term rental than as a long term rental, and the bonus is that it transitions as a guest house for family and friends.

Rather, it should be looked at as a bonus!

I've also entertained the idea (as a way to compromise with my dad) off starting of with a wholesale deal and using that profit to finance a rental property or two and sort of perpetuate that strategy to get exposure to both avenues which may consequently lead to our continuing this strategy or choosing one of the two that  we may favor more than the other.

Plus, insurance companies tend to ask about this and want to know how much of an exposure it is.

I'm new to investing, but I've always thought that the entity structure was used primarily for asset protection, to limit the liability to assets within the structure and, thus, to limit any exposure while the profits flow through to the owners.

In the process (as a bonus), you'll likely find some off market properties you can market to.

If the property needs a lot of work, I usually also include 3 recent distressed sales, as a "bonus" to the lender.

But that frees up my budget and is a huge bonus.  

The team of property managers and brokers we've built, however, does not have exposure to larger properties.