A real estate savvy CPA (not just any CPA) is the one to talk to for this. 

I’m not a CPA, so definitely verify any of this with one — but here’s how I understand it from working with dozens of investors around this strategy A few things to think through before deciding if it’s worth pursuing: – Your income and tax bracket — that’s what determines if the benefit’s meaningful – STRs vs LTRs — STRs often qualify for material participation without full REP – Whether cost segregation and bonus depreciation can offset enough income to justify the effortWe’ve helped dozens of out-of-state investors go both routes, many from the Bay Area actually this year haha: some through STRs, others through value-add LTRs using cost seg.

Just focus on finding a good deal and getting a good team behind you like a lender, real estate agent, CPA, etc.

A cost seg is done on the whole property, then your CPA can allocate the bonus piece to the STR portion.

I'd get in contact with your lender, CPA, and attorney (for the trust) to navigate through all of these.

Even if it comes from a CPA.

As far as taxes, that’s for your cpa.

.), and it returns a full underwriting breakdown:Base / downside / upside returnsP&L, DSCR, CoC, sensitivity tablesFlood + insurance risk for FloridaNext-step checklist and “what would change my mind” summaryIt uses conservative defaults (7.11% 30-yr @ 75% LTV, 5% vacancy, 3% expense growth, etc.) and calls out when you should check with a CPA, appraiser, or attorney.You can try it here on ChatGPT by searching for “BRRRR Brain” in the GPTs section.TRY IT OUT HERE!

I'm also getting on a call with Hall CPA. 

It sounds like that is what your CPA was attempting to avoid by dissolving it early.