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Updated almost 2 years ago,
Larger Cost Segregation opportunity with SFH or Condo?
Hi,
I'm looking into purchasing another investment property in the Destin, Naples, or similar area this year to use predominately as a STR. My active income will be at its highest level this year, so the goal with this purchase would be to help offset this as much as I can to reduce my tax liability hence the STR. If the property can produce enough income to offset the mortgage and other liabilities/reserves then it's a win for me. With all of this said, in general, would I find a bigger opportunity for deductions with a SFH property or a condo? I am aware of the qualifications that must be met to be able to classify the income and expenses from this property as active and not passive...
Thanks!