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.

Things like structured leadership, clear house guidelines, and ongoing support services really help create a positive environment that benefits everyone involved.It’s interesting to hear how the city’s open to it with the right contract structures, navigating those details well definitely makes a big difference.

Create an LLC in Missouri    Create a WY LLC holding company; make the LLC Missouri LLC the member    Do not register the WY LLC holding company with CA.Thoughts?

We want to create an affordable SRO-style housing product with common facilities and meal plans included in monthly charges.

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.

Correctly me if my thinking is askew but I want a 3 or 4 units as it has the possibility of creating more cash flow.

Just tell it what you want, and it will create an App.

Yes, it’s possible, but you need to meet the IRS requirements....This post does not create a CPA-client relationship.

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?