Purchasing an STR in AZ. Myself a resident of NJ. This STR will be a JV in between myself and a friend who will contribute some capital , have preferred returns, some equity, will help somewhat in the whole ordeal - acquisition, setup and operations just to fulfill his 100hrs to get depreciation. I will be doing rest of the work. Need advise on where the LLC should be setup - in AZ or NJ is fine? Any recommendations for attorneys who could help setup such a JV deal at a reasonable price? Would there be a challenge in both of us claiming 100hrs of material participation? I do have other STR’s through which I am easily able to show approx 500hrs or maybe even REPS this year (w/ 750hrs). Thanks

Hey all... I'm curious if I purchase an STR this year and materially participate with a cost seg to get the active income tax benefits, but in 2027 I convert it to a LTR, is that kosher? Or do I lose any of the STR tax law (loophole) benefits? My son is going to college in the Fall and I'd like to buy a property in the town he's going to school and use it as a STR this year, but next Fall when he's out of the dorms he can stay there and pay rent along with other roommates in a LTR fashion.

As a father of 2 little kids, I am looking for ways to make my earnings more diversified and resilient, to make sure I can take care of my family. I am just starting out, thinking of getting into STR, but want to make sure I set up the right structure from the get go. My challenge is, where to start, what is the right legal entity I need to set up for tax shield purposes, as well as which property(ies) to acquire.

Hi! Im new here... nice to meet you all! We are buying our first STR, closing by the end of the month and wondering if installing a solar system will qualify for 100% bonus depreciation for year 1 when we do the cost seg analysis. Thanks in advance! Sole

Great news! For our TS365 people (VIP) we will have Steve Blackwell from Invito to talk to us about updates regarding oil and gas tax strategies! We’re excited to have him on. Make sure that you have access to the call before hand! CC: @Mason Kimball, CPA @Brian Stovel, CPA Link to Steve: invito49.webflow.io/ Link to Recording: https://www.loom.com/share/f6d438c0e0b04299acc5872890649685 Attached Slideshow: