Making millions a year and often paying $0 in taxes.Short Term Rentals supercharge this:RE pros use cost segregation and bonus depreciation combined with leverage to create massive losses with minimal cash.Combined with 1031s and snowballing, you create a business that never pays tax.

.🚩 I work full-time + have 2 small kids — I cannot afford 3–4 months rent loss or legal delays.My Questions:1️⃣ Is it better to serve Notice to Quit July 1 and regain control?

Quote from @Collin Hays: Some people are actively seeking out losses to "help with their taxes."   

LLCs allow flexibility in allocating profits, losses, and decision-making.Tax Benefits: As a partner/member in the LLC, your significant other will share in the tax benefits like depreciation, cost segregation allocations, and business deductions.

My tracker includes:Purchase price + acquisition costsHard money loan breakdown (points, interest, etc.)Holding costs (insurance, taxes, utilities)Rehab budget by category (demo, framing, paint, plumbing, etc.)Actuals vs Budget trackingProfit/loss summaryI update this weekly as invoices and receipts come in.

My insurance covers for loss of rents for my unit, but obviously wouldn't cover the unit below.

Quote from @Bruce Woodruff: Quote from @Don Konipol: “Hey, I tried to do a fix n flip and the market turned on me - I did everything right , but now what do I doAnswer - hold and rent or sell at loss, by the way here’s a list of things you may have done incorrectly ACCOUNT CLOSED    No thank you for responding, no thank you for the education, no thank you for taking the time to help me out, just ACCOUNT CLOSED.  

., flooring, HVAC, appliances) eligible for accelerated and bonus depreciation.The unit you live in is not depreciable, but the others qualify for full investment property tax treatment.However, to use the losses against your W-2 income, you’ll need to qualify under Real Estate Professional Status (REPS) or the Short-Term Rental (STR) loophole.

You can use the $75K capital loss to offset gains from another sale, but there’s no depreciation recapture since you sold at a loss relative to your adjusted basis.This post does not create a CPA-Client relationship.

We’re based in Los Angeles and open to creative or unconventional strategies as long as they help preserve capital or minimize losses.