It can be a good investment of your time since it will give you the flexibility to create Apps as you grow your portfolio.

The financial viability of the strategy is maximized when a Cost Segregation Study can allocate a high percentage of the purchase price to short-life assets (like furniture and fixtures), leveraging the current 100% Bonus Depreciation to create a substantial "paper loss" in the first year.To use the 100% Bonus Depreciation against your 2025 W2 income, the STR and its eligible assets must be fully "placed in service" by December 31, 2025.

Creating a fire website?

Quote from @Ashish Acharya: @Allende Hernandez Great question and it’s one that comes up a lot with new landlords who want to make the most of their tax benefits.To clarify: putting a property into an LLC does not, by itself, create new tax deductions or unlock passive losses.

However creating a multi-member LLC taxed as a partnership changes the taxpayer identity and disqualifies the exchange.

Quote from @Dror Brumer: Hi all , I used to do my taxes with Turbotax - I bought 2 properties and wondering if anyone is using Turbotax or other tool to create the yearly tax report?

Some buyers who purchased at peak are even underwater... creating motivated seller opportunities.2: Rental rates have softened: 2-bedroom apartment rents have fallen 17% since peak ($1,726 to $1,431).

Happy to share deal examples or collaborate if there’s mutual interest.Thanks in advance for your wisdom and connections 🙌You’re definitely on the right track creating a specialized niche in which YOU are the expert.  

My intent is not to create income from the property management LLC.

Even if you create a non-CA LLC, if you are managing the business from California, you may be deemed to be "doing business" in California and therefore maybe subject to CA taxes.