I had a huge amount of expenses in 2022- pool, new windows and doors, that I was unable to use as deductions because of my W2 income.  

I have been looking at small towns across the West and stumbled across one that completely surprised me. Mackay, Idaho.
For anyone unfamiliar, Mackay sits in the Lost River Valley surrounded by some of the tallest pe...

I do agree that if it’s done right, bringing maintenance in-house can be a huge benefit for consistency and response time.

Shifting to more passive investing has made a huge difference for us in both time and returns.

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 STR tax strategy is most beneficial for high-income earners (think: $300K+ annual household income). 

Is it beneficial for a first time flipper to partner with an investor friendly brokerage firm which has properties, title services, and private money lender all in house.

I’ve found it to be a lot more beneficial in terms of cash flow and risk management, and it’s given me the freedom to step back from day-to-day operations while still building wealth.

If your goal is to pay down the loan overtime and own the property outright, the higher downpayment will be beneficial. 

Many people do this or a 1031 to avoid a huge tax bill.