Great! Unless you're looking at what you pay in tax every year. But what if there was a way to SIGNIFICANTLY REDUCE your tax bill? Enter the SHORT-TERM RENTAL LOOPHOLE. Quick Steps: 1. Purchase Rental Property 2. Manage the property yourself (needs to be MORE than 100 hours in a year, and more work put into the property than anyone else, i.e. Property Manager). 3. Perform a cost segregation study (this allows your accountant to depreciate certain parts of the home at an increased speed, which allows for you to show LARGE LOSSES via depreciation, even though you're actually getting paid through rental income). 4. Take the LARGE LOSSES and apply them to the high-earning spouse's W-2 Income (the income that's being highly taxed). BOOM.... Large tax bill, SIGNIFICANTLY REDUCED!! 5. REPEAT 😎 (take tax savings and apply to next rental property purchase) ***This strategy works best for married couples, where 1 spouse is a VERY high earner. Maybe a biz owner, doctor, etc. The other spouse is maybe a stay at home dad/mom and has the ability to add 100 hours of work in the year to their plate. This strategy works even better if you repeat this process, and you take the tax savings in any given year...and apply them to the NEXT rental property. Do this for 10-15 years and you could retire in your 40s (if you started early enough). **This is NOT tax advice and you absolutely need to work with qualified tax professionals when executing strategies like this. While it can save you tens of thousands (or hundreds of thousands if you repeat this process enough), it comes with a ton of compliance paperwork. DO NOT DIY this!