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I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get the 80% bonus depreciation but this is what she said: “Note that I don’t do that kind of work because it requires engineering knowledge that I don’t have.

Lots of little houses on large lots, some with multiple units (can be cash cows) built before permits were required so grandfathered-in.

For DSCR lenders, pre-approvals require a credit pull and the assumption of the property appraising for near what the borrower states.

The in-laws want simplicity since they have no interest in managing the unit.From what I understand, it seems logical for them to handle the required taxes (TAT & GET) and compensate me via a 1099 form.

And if so, what is the cost and prospect for collecting something, certainly not all, but something.My thinking is that if it shows up on their credit, it may hamper employment, car purchases, rental applications, education funding, etc and at some point they would need to pay me to go forward with some major life steps over the next 10 years.Your time and money would be better spent updating your rent requirements to get better tenants, increasing deposits if allowed and proactively evicting tenants who are behind so you don't get back in a position where someone owes you a substantial amount of back rent. 

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022.

Is this something the court can require AirBnB or VRBO to disclose, past rental records? 

I think we had this option also but opted not to do it and as PM, if investor doesn't have a US bank account, we are required to withhold tax of 30% or so from every rent distribution.

In your case, the city will require a fault trench study to determine the precise location of the fault line.