I’m Srinivasa Subramanian and I run a property management business in Central Maine area. 

Wholesaling in Maine is going to be tough.

The STR tax strategy has 2 main components:1) The average stay per guest is 7 days or less for the tax year.AND2) You materially participate in your STR.

I also know that upgrades would make the property much more energy‑efficient and cost‑effective in the long run through lower utility bills.With that in mind, I’m considering using the VA renovation loan to update the electrical system, add central air, and address any other needed repairs or improvements within the budget.My main concern is that most of the multifamily properties I’ve looked at currently have tenants in place.

You can take bonus depreciation on any property that has assets that qualify.So to answer your question, yes, you can take bonus depreciation on components of a house that is used as a MTR.However, what you may want to determine from a conversation with an accountant is whether the activity will be treated as active or passive.The next question would be, even if you can do a cost segregation study, would the added depreciation from bonus depreciation be beneficial.

https://www.realtor.com/realestateandhomes-detail/793-Main-S...

There are 2 components that dictate breakeven or better: value add and/or creative rental strategies.   

The bathroom count is too small for this number of bedrooms so I would plan to convert the ground floor half bath to a 3/4 by adding a shower and adding an additional full bathroom upstairs attached to the main bedroom, which could connect to the pipes. etc. for the existing bathroom.

Since you bought the property in December 2024, your components fall under the old schedule, meaning 40% bonus depreciation applies in 2025.You’re right that building structure doesn’t qualify, but items from a cost segregation study (like appliances, flooring, furniture, and landscaping) still do, just at the 40% rate.So even though your placed-in-service date is May 2025, the purchase date controls eligibility for 100%.

Two main buckets: the building itself and capital improvements.