I think the likely outcome here is that for the portion of the original purchase you carve out as business use, there's a chance to take bonus depreciation - but likely under the 60% bonus regime, not the new 100%.For example, say the property was $1M and you can reasonably say that 10% of the square footage is now rented.

I love seeing college students diving in early!

I have studied my face off and it's time to pull the trigger and start actually investing and flipping real estate. Much rather BRRRR. But open to looking for multiple exits, depending on the deal  

What are common issues you are seeing at your property?

I keep seeing investors spend real money setting up Wyoming or Delaware LLCs for “extra protection” instead of simply filing in the state where they own property or operate.

These examples really highlight how risky it can be to assume things without digging deeper—especially with land, where so many variables can derail a deal after the fact.The access and water issues you mentioned seem to trip up a lot of newer buyers in Arizona.

If a buyer is trying to go sub-to or flip the contract, I appreciate honesty up front and I'm likely to spark up a conversation and see if we can buy stuff from them down the road.

Here's some examples of the fines i get all the time: noise violations fines, show up in more that one hour fine, a fine for a bag and a soda cup in the front yard grass. 

Quote from @Laurent Urich: Howdy fellow investors.I'm looking to create an LLC in one of these States: TN, AL, LA, or MS.Which State do you think will see the most growth potenital?

They came to me to see if I could help.