The point is, to make an impression doesn't require 'nice' or 'new' just consideration and imagination.

.🧤 Property Improvement Drives: Donating old appliances, furniture, or materials from renovations to nonprofit organizations like Habitat for Humanity can qualify as a charitable deduction.Pro Tip:Before December 31st, review your receipts, invoices, and bank statements.

I have a nice place in 4 Corners that doesn't come close to breaking even, especially the last 2 years.

First off, if you can't run it successfully as a short term rental, what makes you think someone else will be able to do so, with the added baggage of paying you and furnishing the place (assuming you wouldn't just give them your furniture)? 

Use Cost Segregation to Fast-Track DeductionsIf you own a high-value Airbnb property, a cost segregation study can help you accelerate depreciation by separating short-life assets like flooring, furniture, lighting, and fixtures.Combine that with 100% bonus depreciation (for assets purchased after Jan 19, 2025), and you could wipe out tens of thousands of taxable income in your first year of ownership.This is a huge reason many top Airbnb hosts pay far less tax than you’d expect — they’re not just listing smart, they’re structuring smart.5.

If you’re furnishing it as a mid-term rental, that depreciation on furniture, appliances, and improvements can seriously offset your first year’s income.

Especially if it's a property that could use a little makeover (new paint, new flooring, furniture, etc).

I know it's in solid condition and has MLS history from 4 years ago, visited outside and seems to be pretty nice!

Quote from @Chris Seveney: Nice job.

You could legitimately hire family members for property management or maintenance, purchase furniture, make renovations to take advantage of bonus depreciation, or even explore whether your wife could qualify for real estate professional status, which could allow you to deduct losses against ordinary income.With this many rentals, working with a CPA who specializes in real estate is really important and they can help you explore these strategies, maximize deductions, and structure your holdings in a way that supports growth while minimizing taxes.