@Shaun Reilly ,Exactly right; however, with bonus depreciation it makes more sense to assign it to the appropriate items.

Has shopping, and is building up quickly due to the QuilCeda Outlet mall/casino expanding over the last couple of years.  

All of Hamilton County also has great schools - a bonus to our community.  

I would apply it before the deduction and just consider any gain from the deduction a bonus.

I open a number of credit cards to take advantage of the sign-on bonuses but I always, ALWAYS pay it off every month.

This is my first post - excited to jump in here.I'm in the Pittsburgh area and am looking for a CPA (bonus points for Sewickley area) to help with positioning me for my first real estate investment. 

Initially, it spanned around 1700+ square feet, but the new owners listed and sold it, citing a size of 2240 square feet by including the bonus room.

As a partner in the deal some potential for bonus depreciation for reno before year end, but I'm not sure it really makes sense on a single family flip. 

A lot of syndications do cost segregation analyses which accelerate depreciation and allow you to take more write-offs sooner...that combined with the fact that bonus depreciation is still in play can lead to some hefty write-offs in year 1 - think 50% paper loss (if you invest $100K you get a $50K write off in year 1).Like @Brock Mogensen mentioned, syndication may be something for you to consider if you are looking for more passive ways to invest.

Any positive cash flow over that is a bonus.