It's enticing to try for FHA and pay less upfront. 

Went forward and closed at the 220K end of November in 2021, "As Is" it appraised for 224K (whoop 4K bonus).Mistakes/lessons learned....

One key question I have is around wether or how bonus deprecation write offs can be leveraged by the LPs in the fund?  

Anyone know if this is enough traffic to entice interest in the building.  

In terms of your bonus question, yes still deductible and similar caps apply.

@Manuel EncarnacionItems you pay for to upkeep a rental are normally a tax deduction or capitalized.Based on the items you described - Paint, powertools and table saws and drills can be currently expensed or taken bonus depreciation.Items like water heaters and bath tubs may need to be capitalized - Depending on the amount, these items can be currently expensed if proper elections are made.It also depends on if items purchased are 100% business with no personal use.

Will be about the same as any kind of rental. 100% bonus depreciation for 5 more months!

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.As a reminder, bonus depreciation starts to phase out in 2023.

Rather, internalize and implement the content of those experiencing success.I am new and just trying to put the pieces to the puzzle together myself.Therefore, I’m here on BP’s and other places, where I’m following Leaders, such as @JerryllNorton who are providing not only credible suggestions (SOLID VALUE) But as a bonus, Jerryll is providing “Social Proof!” 

Labor only performance based compensation with bonus incentives !!!