So this isn't purely a numbers play for me, there's a lifestyle component to it as well.The bigger picture goal is to use STR income to first supplement my full time job, and eventually replace it altogether.

I currently own 4 units and am focused on scaling my portfolio throughout North Carolina.My focus is on small multifamily deals (2–24 units) with a value-add component.

Another part is land value - the higher the real estate component of value vs the personal property component the better. 

Headline producer inflation likely cooled from December’s hot print, though core components may remain a bit sticky—worth watching, as they feed directly into Core PCE, the Fed’s preferred inflation gauge.https://www.thespruce.com/february-pruning-mistakes-to-avoid-11912215Addison, Allen, Anna, Azle, Batch Springs, Bedford, Benbrook, Burleson, Cedar Hill, Celina, Cleburne, Colleyville, Coppell, Corinth, Crowley, DeSoto, Duncanville, Ennis, Euless, Farmers Branch, Fate, Flower Mound, Forest Hill, Forney, Glenn Heights, Grapevine, Greenville, Haltom City, Highland Village, Hurst, Keller, Lancaster, Little Elm, Mansfield, Midlothian, Mineral Wells, Murphy, North Richland Hills, Prosper, Red Oak, Rockwall, Rowlett, Royse City, Sachse, Saginaw, Seagoville, Southlake, Terrell, The Colony, Trophy Club, University Park, Watauga, Waxahachie, Weatherford, White Settlement, Wylie, Dallas, Fort Worth, Plano, Irving, Garland, Grand Prairie, McKinney, Frisco, Mesquite, Carrollton, Denton, Richardson, Lewisville, or Arlington

I have spoken to some investors and told me they worked with firms that do engineering-based cost segregation studies to break the property into shorter-life components.

If the tiny home is permanently affixed to the land with a proper foundation and utilities, it’s generally treated as real property and eligible for depreciation, including accelerated components like electrical, plumbing, and certain fixtures.That said, on a $100K structure, you’ll want to weigh the benefit against the cost of a formal cost segregation study.

If you don't know where or how to look for signs of water intrusion; pests; safety issues such as faulty or illegal wiring; type and age of plumbing system and components, doors, windows, siding materials and roof systems and other systems or elements then you have no choice but to pay for someone else's knowledge.

It works both ways, providing help from your end as well as from others will get you further than any other component of real estate.Building those relationships takes time and effort.  

My bigger concern is that this is a lot of work and risk to break even on the value-add component.

The cost segregation can still be useful because those accelerated components may continue producing deductions in future years as rental use continues.