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.

These are professionals with additional training and a stricter code of ethics.

That 40k class would not teach you to put nail to the drywall.In my actual job i am so very busy writing code for DATA CENTER like Amazon or Google data center, so I do NOT have time nor knowledge to put a nail in the drywall, but i have TRUSTED friend that can put the nail in the drywall.There are just so many RESOURCES here in BIGGERPOCKETS where one do not need to go to any school but can learn from them or they can redirect to the right people.As for me , my life in real estate context has DRAMATICALLY IMPROVED when I CONVERTED my business relationship into much PERSONAL RELATIONSHIP to the contractor.In flipping business, the contractor, the subcon , is like the Prophet, okay, they have to be listened and being served.

Study and learn how the tax code works and where you might be able to optimize and save.2.

That line is been stated and promoted literally thousands upon millions of times.     

I started doing research on different zip codes in which to use the BRRRR strategy.

Study and learn how the tax code works and where you might be able to optimize and save.2.

First thing I would do is check the Memphis regs around STRs - https://library.municode.com/tn/memphis/codes/code_of_ordina...That will help you drill down on the area that it would work best.

I am looking to buy my second rental (first in Huntsville) in the same zip code.

Landlord-tenant/eviction issues, lawsuits to set aside the tax sale, code compliance, etc.