Also note, the military and all government employees on assignment are usually exempt from occupancy taxes if they can present you with an exemption certificate.

Do i have to actively manage a property to use a bonus depreciation tax write off? 

Just trying to understand tax implications. 

Of course, these lenders have a different risk/reward structure than the owner financing seller who has a “built in” $50k gain.The part I don’t like about doing a wrap is the personal liability the seller maintains for the underlying loan while not having control of the assets securing the loan.  

I'm still thinking if this is the right move for me given the high property taxes there, hassles of out-of-state management, additional CA taxes, as opposed to simply investing in index funds (which might have more returns).

But I am not a tax specialist.

There is no tax advantage to doing an LLC.

It was not a 1031 exchange, so we are now calculating our taxes.

For the District of Columbia, is there a template or any advice on what works to challenge property tax assessment increases?

Tax benefits.3.