You need to pass "material participation" test and personal use test, but that's for your future tax professional to explain.Yes, bonus depreciation is possible, but only on the current value of the personal property and land improvements.

Are you currently in the RE space there? 

@Ryan Runchey If you are planning to scale up in the future, then QBO is a good option and you can start with the lower tier subscription for a single property, you can upgrade later when you acquire more properties.

We actually challenge our clients to diversify their RE portfolios amongst Class A, B and C (We do NOT recommend D!).

If I'm wanting to lend money to someone with my private money, for them to purchase or refinance and I'd be recorded as the 1st position lender, would that money be a tax write off?

One-time, non-refundable, and Re-Key Fee $125.

I always knew these numbers existed (and have reaped the benefits on my first property) but never put pen to paper for future analysis's. 

They did not, at the time of my trial, offer any check-writing capabilities, so paying bills is nigh on impossible unless you find a vendor that will take a virtual debit card or ACH payments.

go to the local FB forums and attend local RE meetings. 

Thanks, after research, it looks like FNMA keeps the mortgages in something called an MBS trust, then writes securities off those trusts.