Great take, @Pierre E. — I agree that bonus depreciation gets thrown around like a buzzword, but not enough people understand how to actually use it as part of a bigger strategy.One example I think gets overlooked is how commercial landlords can use tenant improvements.

, 2) it manages the properties directly so there are many hands in the cookie jar, and 3) how/when/impact if "they" decide to liquidate properties and what would be the exact impact to me? 

 Hey @E.

Because according to them, Austin has a supply shortage. https://www.eventbrite.com/e/how-you-can-achieve-up-to-22-re...https://disclosurequest.com/form/lcp-austin-dev-fund-25-llc/0002022266-24-000001

Can we use equity on other properties as collateral instead of a down payment so we can retain our liquid capital? 

Quote from @Dongzi Wu: Charlie replied around noon today, Chimene's personal bankruptcy case has been dismissed, she works with Charlie reguarlarly to help him understand the investments, his goal is to liquidate any position.

LOL Ok, the reality of why I liquidated this superior return ROI was because my property manager was in a horrific ski accident that left him unable to work for about one year, and my efforts to find a replacement resulted in lousy manager demanding 50% higher compensation.  

Last Appraisal / BPO I noticed that a title O&E report is not listed here.

Liquidate and get as much cash as possible?

Sometimes seasoned investors want to sell part of their portfolio because they are tired of managing properties, need quick liquidity, or are looking to 1031 exchange into something bigger.