The fact that the seller is offering owner financing for their own tax purposes doesn't affect your ability to claim these benefits.

Just a heads-up—bonus depreciation can be claimed up to 60% for 2024, and it will drop down to 40% in 2025, so that’s something to keep in mind as you evaluate your options.I’m not endorsing any particular company, and I don’t receive referral fees for recommending the one I used.

However, people want to sell books about it and gurus claim it still works in today’s environment.

Meanwhile, they form LLC's in preparation for when claims or conflict will arise almost as if there is an acceptance this will occur. 

Ask for the woman's tax return to see if she claims child support/alimony etc because technically that is also part of income.

Have you verified with your builders risk carrier that you will have coverage if there’s a claim and the renovation is completed without proper permits?

I cannot claim as of now whether they are good tenants or bad. 

You must document the use of the money to prevent a claim that you made a consumer-purpose loan.

Here in FL you have to notify the tenant of imposing a claim in 30 days and if no claim return within 15 days.

They can go through the most important parts to look out for with the insurance policies and since they go to court with them so often they can give you an idea of how claims turn out with the insurance providers.Feel free to message me directly, I can refer you my insurance adjuster if you would like.