However, the purpose of having an accountant is to help him not where you are questioning him.

This won't be my main strategy, I have a marketing budget I am utilizing but I am thinking about doing this as well, like you said, only to distressed properties that are listed.

It is disregarded for the tax purpose.  

1 Main LLC to purchase the asset.Then there’s A & B shares.Each investor uses their own LLC to invest so ultimately it’s multip LLCs.Hopefully that helps.Dino

I think we get heavy fines for doing it too, so I don’t think it makes too much sense to do it on purpose.

Chris--The answer to this question really depends on the cost of the business truck you now want to use for personal purposes and the cost of the inexpensive car you would buy for personal tasks to avoid 179 recapture.To back up, you will have Section 179 recapture if the use of the truck is 50%+ used for purposes other than in your trade or business for the current tax year.

I am looking into first creating a non-profit for purposes of acquiring, rehabbing distressed housing; then renting out rooms to seniors/55+

I dont understand this.The depreciable basis for tax purpose is your lower of you adjusted basis or the FMV. 

I mainly use Lowes & Home Depot as well, but if I see deals at others places, I'm not afraid to save some money.  

A question for my CPA/Tax professional, I understand however I honestly don't have one set up yet so this is just for general understanding purposes at this point.