The IRS recognizes several different ways to do cost seg, with varying degrees of precision and therefore protection from audits.If you plan on investing ongoing in real estate, I don't see a reason why you wouldn't take bonus depreciation unless the size of the asset does not make it worth the trouble.

@Levi Brackman, in my view, you are confusing financial returns of an investment as being the thesis.Flipping and BRRRR both follow the same thesis: a property in disrepair within a proven market can be improved and increase the value.  

I have proven more than one realtor wrong on that. 

These brick buildings have proven to appreciate far faster and have a lot more upside in Chicago that balloon, frame buildings. 

These brick buildings have proven to appreciate far faster and have a lot more upside in Chicago that balloon, frame buildings.

Follow proven winners.

I recognize that the impacts to credit scores is an unknown. 

If it were me, and I'm not an attorney, I would quit claim deed the property into a revocable trust/land trust (if your state recognizes one), which is acceptable for estate planning purposes and won't trigger the due on sale clause.

A lender may not recognize the rental income to offset the mortgage payment - without it being on a tax return.

You want to work with a team that has a proven track record and offers several different markets.