My goal is to put it into an investment that will depreciate enough in the first year to cover taxes at ordinary income rate on 300k. 

I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp

Acq fee is off the purchase priceManagement fee is generally % of top line income for syndications..but it can vary.

To take advantage of the deprecation against your regular w2 income. 

Take a distribution from the retirement account over the years where it doesn't hit you up to the next or higher tax bracket.I.E. if your income is $80,000 and the next higher bracket is at $100,000, you may want to take a distribution of $20,000 from the retirement account to help you fund your real estate purchases.

@Rob BlockI have been invested with Kirkland Income Fund for a year now, and am very satisfied. 

However, after meeting with a friend who has real estate experience he mentioned that he predicts in about 12-18 months there will be a downturn of the market and an influx of foreclosures due to the pandemic forebearance.I now feel like our momentum and excitement has come to a screeching halt and I am unsure of whether or not to invest in this market.I understand long term the market works itself out, however, if I bought this multifamily unit on my current income, I cannot afford for the rental market to depreciate as well which is my fear.The mortgage would be about 4K.

Not like it's vacant and you have no income on it.

What I also did though was give the borrower a PFS and information that showed I could pay this loan and had the ability to pay the loan whether it was generating income or generating no income. 

I've also had one potential tenant tell me that "an income requirement of 3x the monthly rent basically disqualifies single-income families".