You can force a tool like Pricelabs to work for MTRs, but it's not designed for it.

Depreciation is typically allocated according to the ownership percentages outlined in the partnership or syndication agreement, which are set in advance and follow certain rules under the tax code.However, some syndication structures can be designed with different classes of partners or special allocations, but these arrangements are subject to complex tax rules, such as the "substantial economic effect" rule under Section 704(b) of the Internal Revenue Code.

My brother-in-law would gift his interest in the property to my wife (and we would fund him with an agreed upon gift in return) and then my wife would assign her beneficial interest in the land trust to the LLC owned by her as a single member.

Can you explain what the designations Sale and Non-Sale mean?

For me personally, I am looking to do a furnished unit and use my creativity to design a unit.

HI @Jyotin GautamShort answer is no in Texas Long answer according to the Texas Real Estate Commission " Under the amended rule, a broker could give an unlicensed person a gift of merchandise having a value of no more than $50 and this would not subject the unlicensed recipient to a charge of unauthorized practice as a broker, nor result in a violation of TREC rules by the broker giving the nominal gift."

I'm exploring different options for building on vacant land here in CA and am very intrigued by pre-fab home designs (Walls etc.. are assembled in a factory and shipped to site).

Great design, professional photographs, great location.Don't get hung up on micromarkets or submarkets.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Without that designation, your K1 losses remain passive and can only offset passive gains.If you’re looking for a true tax deferment strategy, consider a 1031 exchange for future sales to defer capital gains by reinvesting in a similar property.