Tax planning before we start investing. Looking for a CPA to work with

[Daksh Raheja]

Me and my wife are planning to start REI. We have high w2 income and would like to offset it using paper loss strategy.

Here is what I am thinking.

We are planning to get one STR every year, manage it ourselves to have material participation in it, Do a cost segregation and accelerated depreciation in year 1 to have active paper loss and offset our W2 income with that loss. Then next year transfer it to either a management company or do LTR and rinse/repeat.

Let me know what am I missing here. Or should I look at  starting the traditional way of LTR and forget about deductions to our w2 income. 

We don't have a CPA currently and would love to connect with someone who has experience in real estate.