$80-$100k to spend with these goals, what should I do?

[Tyler Neison]

Here is my current situation. Currently live in and own a SFH w/ 2.5% rate. Building a new house that will be done around Nov '23 - Jan'24 and will be my new primary home. Expecting $80k-$100K income tax bill on my active income during 2023 (not RE related).

Only plan I have as of now is to turn my existing home into a LTR as soon as I move out. My new house will only by 3 miles down the road so I will manage it myself. With a 2.5% 30yr fixed rate I plan to hold it indefinitely.

My primary goal for this year is to try to put that $80-$100k into another property instead of paying it to Uncle Sam. It seems to me the best option I have, given my current situation and non RE related job, is to buy and operate a STR (AirBnb) property, do a cost seg on it, and use that to bring down my active income thus reducing my tax bill.

My current primary house in 40245 backs up to a private golf course and is near 2 or 3 others but do not think there is a sufficient demand to AirBnb it, which is why I planned to just find a LTR tenant. When classifying a property as an STR could you do that for 1 year, take advantage of all of the tax benefits, and then transition it into a LTR starting year 2?

Open to suggestions!

Thank you