My intention is to make this extremely passive and win-win.The partner gets predictable tax benefits and return of capital later.I get unused depreciation turned into growth fuel.And just to be transparent:If anyone here has experience with this — or is interested in the tax-benefit side as a passive partner — I’d love to connect and get your perspective.Not trying to pitch a deal here — just trying to learn from people who’ve actually done this type of structure.Thanks in advance!

You’ve gotten a great response from Alan already, and honestly, I’d say a lot of the same things.Since you’re going into the Air Force, take advantage of the benefits you have right now.

Beyond tax benefits, you’re also building equity and cash flow.

Main benefits or criteria NYC buy and hold investors are looking for?

Also got depreciation tax benefits. 2% appreciation and we're already close to stock market returns.With retirement planning, it's generally held that a 4% safe withdrawal rate from stock market holding.

This morning I had the thought, maybe it would benefit us to have a mentor or 2 and potential partners to help guide us and pass down there knowledge.

There are so many folks that would probably benefit from it that are new or who might simply be interested in such a thing.

If the property qualifies as a separate activity, you may be eligible to claim bonus depreciation through a cost segregation study, which can provide substantial upfront deductions — particularly beneficial if you are in a higher tax bracket.However, if your income level is lower, the cost of the study may outweigh the benefit.

The benefits I see is the home would go from a single-family to a multi-unit property increasing the value with a re-appraisal.

Our clients making mid-six figures via W2 get the most significant benefits by launching an STR by the end of the year and offsetting taxes.The most common hurdle is the material participation test, often achieved by committing over 100 hours of direct management and tracking that time to ensure it is more than the hours spent by any other individual, including cleaners and property managers.