I like the idea, but a lot hinges on how that will effect the state, county and local budgets and how they plan to counter act that.

Quote from @Ying Tang: Posting on behalf of my cousin (married couple): Household income: ~$1M/year, combination of W-2 income and stock market gainsWife qualifies as Real Estate Professional (REP)In 2024, they purchased one rental property:Purchase price ~$500k25% down30-year mortgage No other real estate acquisitions that year  Given their income level, what are the most effective strategies to legally reduce tax liability going forward? 

He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. 

@Charles Graham, call, text, or email them at least one month before its effective date, letting them know you're raising rents to keep up with rising insurance costs, property taxes, HOA, etc. 

Money printer go brrrrrrr.The Effect?

Being able to purchase a property with only 5% down means you can leverage your money way more effectively.

. - when wholesaling, it is most effective to find off-market deals so that you can be direct to the seller and have more control over the deal. 

what is most effective way to advertise/market to get clients?

Quote from @Jason Malabute: This isn’t financial or legal advice, but something to keep in mind is that bankruptcy will have a long-term effect on you.

The LTR market has softened as well, so this isn't unique to STR and is effecting all properties.