The deduction is taken over the course of the depreciation period, and the amount of the deduction reduces the amount of taxable income.

@Frank Greg yes, they did, and I am sure that is built into their projections for reduced inflation.

Just curious if I can reduce my personal tax liability with the purchase of a vacation home, or if I should just treat this the same as my other LTR investments and capture everything under the LLC. 

In various areas I'm seeing rental % increase caps, 90 day notice for increases, banning or reducing application fees, reducing deposits to 1 month rent. 

So, even though the house flipping isn't super tax-efficient, by investing in tax-efficient things like multifamily, you can drastically reduce the net amount you'll pay in taxes.

Everything is negotiable.You can reach out to her and request that she forgo the fee or ask her to reduce it and see what she says.Is she a good agent?

I know land contracts expose me to this risk, but are there any tactics I can use to at least reduce it somewhat? 

Are you then thinking to refinance in the future when interest rates go down to get cash out, reduce your monthly payment, and increase your monthly cash flow?

I would recommend increasing your price per unit and reducing your amount of units.

The government might want building facing a certain way or a certain parking ratio with greenspace that reduces down the monetizing building portion of your site.No legal advice given.