I just learned about this. I'm assuming this is for properties that are not complete gut jobs (because it's maybe end of life span) and are just cosmetic jobs? I have a STR that I'm planning to do cosmetic rehab for, but there is certainly life left in its current state. What do I need to do to take advantage of this come tax time?

Hello! I'm looking at a seller-financed property purchase and wanted to make sure I could still use the mortgage interest as a deduction and still do a cost segregation study? Is there anything else to consider in a seller-financed deal?

Hi everyone! I’m new to the STR world. Like most people here, we’re trying to reduce our taxable income from our W-2. We just went under contract on a Duplex in Florida. My question is, who should we have own this property….our LLC, one of us, both of us (me and my husband) or a trust? What provides the most protection and doesn’t create any tax issues?

Does anyone have a cost segregation study provider they’d personally recommend? We’re closing on our first STR next month and hoping to squeeze in a cost segregation study in Nov/Dec. My research (Perplexity, Reddit, podcasts) suggested a few companies: Seneca Cost Segregation (best value), CSSI (Bill Faeth recommended John Howard), Cost Segregation Guys (decent quality:price ratio), KBKG (comprehensive suite of services). Also, thoughts on paying the premium for a physical site inspection where licensed engineers are on-site vs a virtual one on a $600-700k property?

Hi all, Hoping to get some clarity about a likely common situation. I’m closing on an STR property next week and need to meet criteria for material participation for 2026. I’m planning to hire a designer/contractor to do construction, decor, and outdoor amenity install that will take 4-5 weeks, so I should have plenty of time to achieve bookings later this year. The seller’s Airbnb calendar shows a week-long booking starting 3 days after close. I’m tempted to ask the seller to disclose that guest’s contact info, build my own direct-booking site, and collect the $ for the week to add to my renovation budget. Is there a way to achieve this but not officially start the clock for placement into service when I’m planning to take it out of service a week later? If I can’t, then it seems that MP rules would force me to compete with my contractor and his teams for hours. I was hoping to not have to do that… Thanks for any advice!