Bonus depreciation to reduce w2 income tax

[Rashid Khalil]

I and my wife are w2 employed and am in a high tax bracket. after 13 years of paying high taxes and living in the cave, I am now aware of this real estate investment/cost segregation/bonus depreciation, etc. so i have listened to several podcasts / YouTube and read a couple of books on the subject.

with a full-time job it's unlikely to get REPro status, only way forward seems STR as the requirements to qualify to seem less stringent.

I am looking for 2 M investment with 500 down and expecting roughly 25-30 % of price value as accelerated depreciation, accounting for nearly 500k which can save me 175 k in taxes on w2. 

I wonder what my options are other than STR ? will syndication or commercial RE or apartment complex or something else can get me the opportunity to reduce w2 income from my employment?

also if i switch in future years my STR to LTR will i be returning the captured depreciation back ?

i will appreciate your valuable comments and thoughts.

[Jenny Zhang]

I am in the same situation. However, with how the market is going and the expected not-so-great economic condition, taking the risk in STR in attempt to save taxes can be damaging. I am a CPA specialize in taxation. I won't do it in this economic condition unless you are fully confident that STR you are acquiring is going to be an income producing property. It is not worth it to loss the real cash to save tax. I haven't found one STR that give me that confidence yet.