Help me validate a hypothesis for STR taxes

[Mayank Jain]

Hi everyone, I'm a rookie, trying to validate the following hypothesis...

To offset W2 income, buy an STR (have rentals of avg 7 days or less + use my 100+ hrs/yr to manage property) THEN use cost segregation + depreciation as an active loss on W2 and THEN sell the property through a 1031 exchange and repeat every year.

Does this seem logical? Is there any obvious point that I'm missing?

I know this looks like the tax tail wagging the investor, but I would still love to know.

Thank you!