My RE business partner and I have an LLC and are considering an investment as an LP in a syndicated MF deal that has a bonus depreciation opportunity. 

Your attorney should be the main guide here, but the lack of the separate metering leads me to believe you may have a 3 unit plus "bonus" and not a 4 unit. 

As a bonus, the seminars are generally pretty good.

This little article just released by downtown indianapolis news outlet WTHR:Construction begins April 1 and is scheduled to be complete by the end of 2021.Caesars Entertainment announced a $32.5 million investment to expand the current gaming casino floor, as well as add more than 100 new jobs and millions to local and state tax revenues.https://www.wthr.com/article/news/local/indiana-grand-expansion-to-include-100-new-jobs/531-5f940e4b-9bfa-4482-b71f-47e24ea34b8fShelbyville also recently approved and began a $19M project redeveloping downtown district, funding grants and fledgling business subsidies.

@Bellman Tumasang If you are asking how Cardone/MLG/etc (established sponsors, with portfolios of properties), I would assume they hire employees with a salary and potential for bonuses based company objectives/roles.  

In a prior life I worked at the private equity firm that sponsored the largest private owner-operator of single-family rental homes in the US (bonus points if you can guess) and was part of the team that launched an REO servicing business under a sister-company.

As a bonus, with the current interest rates, the builders we guide our investors to use have been offering interest rate buydowns to improve your returns.

Here is a breakdown of the situation: - 2022 = $18k net profit - 2023 = -$26k loss between both properties so far (will likely lose between $35k - $50k in 2023)- Tax Savings via Bonus Depreciation = $52k in tax savings combined ($20k from property #1 in 2021 & $32k from property #2 in 2022)- Property #1 purchased for $350k + $85k in renos + furnishings = $435k total (2nd home mortgage - 30 yr fixed at 2.9%)- Property #2 purchased for $475k + $83k in renos + furnishings = $558k total (2nd home mortgage - 30 yr fixed at 3.4%)- Opened a HELOC ($90k) on property #1 to help pay for property #2. 

People come from all over the world to experience the entertainment, casinos, and nightlife.Occupancy Rates: In 2019, the vacation rental occupancy rate in the Las Vegas area was around 75% on average.Rental Rates: On average, vacation rentals in Las Vegas went for about $170 per night, but prices can vary depending on the property's features and how close it is to the Strip.Seasonality: Las Vegas attracts tourists all year long, so demand stays pretty consistent, but there can be spikes during events and holidays. 

Under “normal” times, I would view mixed use as a bonus, when down a retail tenant, you can count on the residential and vice versa.