With STRs, there's a lot at stake in terms of deductions and tax advantages.

I would rather get a 15% of purchase deduction and have a 20% CoC return that will last for years than a 25% of purchase deduction and a 5% CoC.

I can deduct a cleaning fee from security deposit separate from what one might consider normal wear and tear?

If your properties are long-term rentals, your ability to deduct losses is going to be limited by your earned income.

Instead, they offset passive income, and any excess is suspended and carried forward.However, if you actively participate and your MAGI is under $100,000, you may deduct up to $25,000 of rental losses against ordinary income (phasing out between $100,000–$150,000).So you don’t lose the deductions, they're just limited or deferred.

However the PM deducted the unpaid lawn care from the deposit.is this typical?

That makes cost segregation even more powerful since those reclassified assets can potentially be fully deducted in year one if you qualify.Key considerations: Land is not depreciable.

First, evaluate your income bracket to determine whether the accelerated deductions will provide meaningful tax benefits.

File a separate Schedule E for each rental (not one combined statement), ignore principal payments since they are not deductible, deduct only the mortgage interest reported on Form 1098 (Line 12), and report property taxes and insurance based on what was actually paid out during the year—not what you paid into escrow—using the lender’s 1098 and annual escrow statement; if there’s no escrow, rely on your 1098 for interest and your own records for taxes and insurance, recording expenses when they are actually paid.

I spoke to a tax professional friend of the family and she mentioned  if your income is over $150k yearly on your W2 that the this whole STR loophole wont be deduct able against my personal W2.