What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

The state of Maryland seems to be a high market for this but I continue to be hopeful.  

I've been investing in the stock market for 30+ years, but am at the point where I'm ready to diversify more into real estate.I've been lurking on the forums here for quite some time and I am amazed at the value of the posts and level of knowledge that exists here.

The rents are as follows (pro forma): $1,400 (3 bed), $1,600 (3 bed), $850 (1 bed), $850 (1 bed) What made you interested in investing in this type of deal?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Yes, lots of experience.

Welcome to the BP forum and best of luck on your real estate investing journey!

All of the other options, I highly recommend talking to an attorney.

Curious as to opinions on this situation, there may not be a 'right' answer but sometimes others' thoughts help open up new ways of thinking.

Just trying to feel out the market.