Do I need to self manage to bonus depreciate ?

[Heidi Kenefick]

I’m purchasing my first Airbnb that isn’t local to me. I plan to cost segregate and bonus depreciate it, as I did with the ones that are local to me. Given that this property is 300 miles away- I’ve considered using a property manager or co host. If I do that, can I still utilize the short term rental loop hole?

I ask because last year when I categorized my expenses I listed fees for hospitable as a management fee and my CPA told me I cannot have management fees if I am doing the STR loop hole.

Thoughts?

[Michael Plaks]

Quote from @Heidi Kenefick:

I’m purchasing my first Airbnb that isn’t local to me. I plan to cost segregate and bonus depreciate it, as I did with the ones that are local to me. Given that this property is 300 miles away- I’ve considered using a property manager or co host. If I do that, can I still utilize the short term rental loop hole?

I ask because last year when I categorized my expenses I listed fees for hospitable as a management fee and my CPA told me I cannot have management fees if I am doing the STR loop hole.

The answer is, as usual, "it depends." 
Read this post's Myth 4:  https://www.biggerpockets.com/forums/51/topics/1122635-the-s...

It is more difficult to pass the material participation test when you use a management company, but it is possible. Your CPA should guide you through the requirements of material participation.