If not, start doing it today.Gather your recent improvement invoices (furnishings, landscaping, exterior upgrades)—those are the items you want captured in your study.Have a call with your tax advisor (or find one) who understands STRs and cost segregation and ask: “Are we maximizing this for my STR strategy?”

You will likely need your own system to capture the rental information along with costs that you pay for separately(Utilities, bank fees, interest, taxes, insurance, etc)If you have one property, I would prolly just use excel, especially if you have a PM company managing the property.

This can make sense if you buy right and capture immediate equity or if there if it is a great value-add play, in my opinion.

Consider meeting with a real estate-focused CPA to ensure you capture every deduction possible — including depreciation schedules, LLC expenses, and passive income losses that can offset other income.A little preparation now can make tax season smoother — and keep more of your hard-earned rental income in your pocket.

If you’re restructuring a BRRRR deal or repositioning a flip, don’t just chase lower rates — look at how to structure the loan for stronger cash flow or faster execution.In my experience as a private money loan broker, investors who approach 2025 with a readiness mindset (updated docs, clear exit plans, access to alternative funding) are the ones who’ll capture the best deals as the market resets.Curious to hear how others are financing their pivots — are you tightening, holding, or preparing to scale?

But, I may not have captured all features properly and am very interested in your feedback. 

So i am looking spendthrift trusts as a capture all.

If you're serious about capturing the 2025 tax benefits, connect with a CPA experienced in cost seg as soon as possible, they can help guide you through the timing and requirements based on your specific situation.

So yes, you can wait until 2026 to run the study and still capture those deductions.And like Edgar mentioned, to help get REPS in 2026, start tracking house, keep detailed logs of real estate activities, and consider grouping your real estate efforts (like property management, acquisitions, or improvements) to maximize your hours.Also make sure you're working with a trusted Cost Segregation company and CPA who can help you apply it.

Properties in these neighborhoods can often be purchased at lower prices due to limited demand, yet rental rates don’t always fluctuate much, even with market changes, allowing investors to capture strong yields relative to their initial investment.