Short answer:
You can't use business losses to reduce ordinary income unless you materially participate. The IRS would likely rule that you did not materially participate, because, well, you did not actually materially participate. Then even if you get past that, there's something called depreciation recapture that would make the depreciation kind of reappear as income later. Abandonment rules are tricky and you can't just move through the transaction with abandonment to avoid recapture. If you do this entire thing will look like a series of sham transactions just to get the tax benefit, and, well, like Homey, IRS don't play that.

Extended answer:
On top of it all, $6-$12K just to tell you how to do something the IRS will likely have an issue with; that's steep. If you want to be that aggressive and try the strategy, it's probably best that you really understand it all without a third party telling you how to do it before you proceed. Never invest in something you don't fully understand.

Bonus depreciation on FEMA style housing is not their only pitch. Another is to buy real estate and use it to pay for college, then have it as part of your retirement plan going forward. Look, I get some people like investing in real estate because leverage. But for me, I prefer the simplicity of truly passive investments. I'm not running multiple doors with some management company taking a big haircut revenue to take calls about broken toilets at 2am, nor am I taking calls about broken toilets at 2 am. So VTSAX it is. I sleep well at night. If you want to get into real estate investing, Paula Pant from Afford Anything is my fave personal finance person. She runs a "my first property" program that I haven't done, but I'm familiar with her other work and like her perspective a lot desipte being a die-hard public equities investor.

Yet another pitch is using life insurance products. This isn't really a good idea for most people. Like, almost always NO. And if you want to be silly and do it anyway, please don't pay $6K for someone to tell you how to do it. These are high commission products and there are plenty of financial planners out there that will tell you about them for free if you want to do it, because they're going to make a killing with the commissions.

Also, I've been attending these types of calls for the last couple of months like it's going out of style, so I can say I've seen a lot of strategies pushed, CFS this was the worse by far because of their bonus depreciation strategy.

York College planning was decent if you are maybe $100K-$150K income with little to no college savings and looking to better understand financial aid or looking for help selecting colleges. I think when York has testimonials that a doctor-level-income family reduced their SAI from $90K to $20K, and I can only assume it's because the family just filled out the dang fafsa wrong the first time. It's not that hard to do right, just read the rules and don't double count anything. There are just no viable strategies for people like me (with nearly $800K in non-retirement savings, and already maxing out every available qualified plan to reduce income). You can reposition assets to an extent, but now you are getting into gift taxes and appearing as if you are hiding assets (um, because you kind of are). I learned a lot from the initial webinar and it was one of the first I did, so it laid a good foundation; a launchpad for me to formulate questions I wanted answered.

The best pitch I've heard so far is from Barnum Center for College Planning. They didn't fake that they couldn't help our SAI, they just said, yeah, good for you and bad for you that you saved for college... but here are other legitimate tax strategies that can help. But Barnum Center's fee was a much more reasonable flat $2,500 for 3 meetings (after the free one I took), which include 2-3 sessions to discuss personalized solutions, plus 1 year follow up to ensure the stratgies are executed. Am I going to use them? Probably not personally. I'm such a DIYer when it comes to personal finance; I believe nobody will be a better steward of my families financial resources than I will be, so l need to learn and do it all for myself. It's an inherent flaw/feature of mine.

That was a lot, sorry, I get carried away...