My RE business partner and I have an LLC and are considering an investment as an LP in a syndicated MF deal that has a bonus depreciation opportunity. 

Your attorney should be the main guide here, but the lack of the separate metering leads me to believe you may have a 3 unit plus "bonus" and not a 4 unit. 

As a bonus, the seminars are generally pretty good.

@Bellman Tumasang If you are asking how Cardone/MLG/etc (established sponsors, with portfolios of properties), I would assume they hire employees with a salary and potential for bonuses based company objectives/roles.  

In a prior life I worked at the private equity firm that sponsored the largest private owner-operator of single-family rental homes in the US (bonus points if you can guess) and was part of the team that launched an REO servicing business under a sister-company.

As a bonus, with the current interest rates, the builders we guide our investors to use have been offering interest rate buydowns to improve your returns.

Here is a breakdown of the situation: - 2022 = $18k net profit - 2023 = -$26k loss between both properties so far (will likely lose between $35k - $50k in 2023)- Tax Savings via Bonus Depreciation = $52k in tax savings combined ($20k from property #1 in 2021 & $32k from property #2 in 2022)- Property #1 purchased for $350k + $85k in renos + furnishings = $435k total (2nd home mortgage - 30 yr fixed at 2.9%)- Property #2 purchased for $475k + $83k in renos + furnishings = $558k total (2nd home mortgage - 30 yr fixed at 3.4%)- Opened a HELOC ($90k) on property #1 to help pay for property #2. 

Bonus if you can get a ski location.

Under “normal” times, I would view mixed use as a bonus, when down a retail tenant, you can count on the residential and vice versa.

Hold cash flow positive until the market rebounds, make money on mean reversion of prices + a nice bonus if your speculation about the neighborhood was right.