I purchased in the North End years ago (like you, long distance from Vancouver) and had all kinds of problems with tenants and the PM (long story involving Mexico, cocaine, and a bunch of my money disappearing plus, as a bonus, a standoff with police that was bad enough that it made the national news at the time).

Bonus, the bank is the client and doesn't even have to show it to you if they don't want to. 

The fact I no longer had to deal with annual reinspections was a big bonus, but not the driving factor.

I am told by many that I can use accelerated or bonus depreciation by doing it so I wanted to check with the folks here what makes my property to benefit from this?

If you're hoping to make a bit more money, find a few more deals for your boss and ask him if he can pay you a finder's fee as an extra bonus.

In reading through the awesome bonus materials you can download with the FTHB book, I noticed what I believe may be a typo in the Under Contract Checklist - Receive and review the appraisal report section.

It’s not exactly a 1% deal or something we will get 100% of our cash out of, but we should be in a good equity position, cash flow about $250 a month after reserves, and there is likely good appreciation in the neighborhood as a bonus.

I would find out if the sponsor plans to perform a cost segregation to take advantage of bonus depreciation as this can have a significant impact on your taxes. 

In one case I did pay the listing agent a 1% bonus as the deal was a complicated and I knew it would require additional work on their end.

And, the bonus is developing those connections and friendships.