Just trying to understand tax implications. 

Do i have to actively manage a property to use a bonus depreciation tax write off? 

Taxes would be around $500/year for the land only.  

I'm still thinking if this is the right move for me given the high property taxes there, hassles of out-of-state management, additional CA taxes, as opposed to simply investing in index funds (which might have more returns).

There is no tax advantage to doing an LLC.

It was not a 1031 exchange, so we are now calculating our taxes.

For the District of Columbia, is there a template or any advice on what works to challenge property tax assessment increases?

Tax benefits.3.

Your 2023 tax deadline is coming up.

Nevada is landlord friendly, lower property taxes, lower entry prices, and close to SF.