Hello everyone, this is my first post here!

You didn't say if this was 2-4 units or 5+ units.  

This is the early stage of a trend shift—sales are now consistently outpacing new listings.Sellers are beginning to make price concessions, and smart investors who move now can still negotiate strong terms before the market rebalances.

ChatGPT suggests it can be considered 3rd party ownership  Talk to an attorney regarding this.

You are basically trying to take the real estate out of real estate.Predictive analytics are best used as guides to the work.

If this is your first property, I recommend buying something that's close by, rather than across the country.

But this isn’t one of them. 

How does this deal analysis method sound to others?

I actually just ran into this exact scenerio with my buyer.

Personally, I’ve seen some solid returns leveraging bonus depreciation, but I’ve also seen people get wrecked not understanding what “active participation” really means.Would love to hear how you’re all approaching this.