It's not the tax as I just have to give the information to my accountant (although it got certainly complicated, when I tried to do it myself - mistake.)

Build generational wealth and pay as little tax as possible.

I think this type of thing will disappear fairly soon since the IRS Chief Counsel recently released a memorandum on the topic of penalties for aiding and abetting understatement of income tax as it relates to cost seg.

São Paulo, Brazil for a couple years.Costa Rica, New Zealand, Australia, Bali for several months each during a world tour.Moved from Bali to Austin, TX 10 years ago.We like it here, but we're growing tired of the 8-month long summers and lack of infrastructure to support the incredible growth.

Some munis will treat short term rentals as hotels and regulate and tax as such.  

If you need 50k *now* (well, 30k-ish after tax), a flip looks very attractive.

My friends who are consultants use this to squeeze as much into their 401K pre tax as possible.  

The ever increasing property tax as well as home owner's insurance premium, and the stagnant rent, is not good for cashflow. 

That is only $340/month net, in a perfect world (prior to income tax).

Yes, someday I’ll have to pay ordinary income tax as I take distribution's but who cares if it’s all rental income and or appreciation (with no capital gains).