The biggest distinctions are the presence of a prepayment penalty, and the fact that they're underwritten based on the property cash-flows rather than your individual income, assets, and employment. 

Individual circumstances may vary, and professional guidance is strongly recommended.

However, one key distinction is you have to separate building from land so the portion that is land is not depreciable. 

(It’s a very unique circumstance, but an opportunity I don’t want to miss out on) 2027: Buy a second home (~$1M) using VA loan.

This can be a significant savings in some circumstances.   

The most distinct and occupied rentals offer more than just a roof over heads.

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

It's finding the lender that matches your circumstances that'll take a little legwork.Also, I'd resist the temptation to buy turnkey once you get to the point of making offers and closing a sale.

It also lacks the ability to provide personalized, context-specific advice tailored to a buyer's or seller's unique circumstances, such as neighborhood-specific trends or nuanced negotiation strategies."

Each path has distinct tax implications, so partnering with a real-estate-focused CPA can help you maximize deductions and build long-term wealth efficiently.This post does not create a CPA-client relationship.