Just for clarification purposes, we don't invest in Chicago as it doesn't fit our model for those very reasons.

If the property manager put in more time than I did, in 2023, and I do not meet “material participation” it does not matter for purposes of bonus depreciation . . . ?

Hi Jacob, most DSCR loans are designed for investment purposes and not to be used as a primary.

For purposes of Asset Protection, is putting investment rental property in an LLC a good idea? 

I wrote the above for informational purposes.

For example, if you 100% knew you want to do robotics, you'd go to Carnegie Mellon or Georgia Tech over Harvard for undergrad, because CM and GT dominate the robotics realm.Lastly remember not to lose sight of college's purpose.

In your book, when you take out cash as payment to you for personal purpose(like salary or profit), you would book that as your distribution. 

You need to create one yourself and have him sign in - both for the IRS purposes and to avoid misunderstandings/problems down the road.

Is there a way to reset my basis point for tax purpose on this property?  

The IRS and other federal governmental organizations generally don't do a good job at sharing information (some of the lack of info sharing is for privacy purposes), so reporting any rental income you might receive is not likely going to result in getting 'caught' by the FHA.