I appreciate the info provided so far, but I have more questions and I don't expect freebies from pros like yourself.I'm looking to get together a semi-solid idea of how this all works before I drill down, in depth with my usual accountant in a couple weeks (if I still decide to drill down with my usual accountant after learning more info on what I'm trying to do - from you or someone else.)My usual guy can't get to me right away and I'm in a time crunch, if this deal is going to happen the way I want it to (bonus depreciation decreasing by another 20% on Jan 1st)I really just need to understand Bonus Depreciation, in detail, and as it applies to my situation.I'm brand new to all of this.

Basically you need to be able to pay a large part of a long-term (multi-year) lease up-front, then still have some cash for renovation and interior/furniture, to finally recoup the investment through STR and a hopefully very quick way.

A little over a month after they moved back in, their insurance company said they needed more information to finalize the claim, which is when they requested the report from our plumber. 

Finally, speed is important—moving quickly on the rehab and resale can help minimize holding costs and increase your profit margins.

They come to realize  fractional ownership in a semi-active project with far less control is not as advantageous and eliminates the ability to build the more personal and meaningful relationships with lenders that comes with going through the more natural progression of growing a portfolio and business. 

My final point would be.

Finally I found my Los Angeles realtor (third time's the charm) who was and is an all-star and she also sold my house for me in late-2020 when I left California. 

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

I hope this house is finally stabilizing after owning it for over 18 months, no repairs called in for 2 months so far. 

My wife are in escrow on our first rental property purchase (in the Columbus, Ohio market) and are underway with inspection, finalizing the loan, getting quotes on homeowners insurance, interviewing property managers, etc.