As a Sponsor, key is to have boots on the ground to act, model, and execute.

@E.

can I put them on my schedule E for this future address?

Can my home office deduction be taken on sch E?

Added to that this was for every specialized trade (electrical, plumbing, and HVAC, Framing?).

Again, consult a lawyer on how to execute any options.Lots of ways to look at it without having to have your actual name on the deed if that is the biggest hangup.

My architect and I sent them over assembly bill No 811 on ADUs and mentioned that the looks to be in violation of the bill quoting the following:"Accessory dwelling units shall not be considered by a local agency, special district, or water corporation to bea new residential use for purposes of calculating connection fees or capacity charges for utilities, including waterand sewer service, unless the accessory dwelling unit was constructed with a new single-family dwelling"They responded saying that this didn't apply to the ADU and quoted the following"(B) For an accessory dwelling unit that is not described in subparagraph (A) of paragraph (1) of subdivision (e), alocal agency, special district, or water corporation may require a new or separate utility connection directlybetween the accessory dwelling unit and the utility.

After closing starts the "roll up your sleeves" work with renovation and execution of the business plan, especially for value add or repositioning opportunities. 

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I made a video about this just the other day. https://youtu.be/iZ1OMKWfjFgIf your income isn't great, you'll want to do both in the same calendar year (or at least before you file taxes for the following year) because you'll file a Schedule E (rental income).