If my initial guess is right (someone else feel free to research), no bonus depreciation would be allowed. 

I feel that a new investor doing a BRRRR is too risky and does not have a high success rate.

Deeds to burial sites, certain transfers of ownership in real estate companies and farms and property passed by testate or intestate succession are also exempt from the tax)There should be no taxable event unless a sale occurs or when your dad passes.At that point, you should receive the property at the stepped up basis as the life estate is null due to the death.This is tricky - it will depend on how the deed is held.You should check with the attorney who made the initial change and check with your CPA once you find the answers from said attorney.

On another note, now that I think about it, perhaps I made a wrong assumption re: corporate credit.

My most recent experience was selling my condominium, a very wise investment I made 8 years ago, to purchase my home in 2023. 

There are a number of reasons for a case to be dismissed without prejudice, including on the plaintiff's request or because the judge feels that the plaintiff cannot prove the case.

What made you interested in investing in this type of deal?

There are other economical improvements that can be made, as well, that would significantly boost your occupancy, and possibly your ADR.

Feel free to shoot me a message and we can chat!

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