H1-B, Short-Term Rentals & Tax Benefits

[Dev Patel]

I'm new to real estate investment and considering entering the short-term rental market through platforms like Airbnb and Vrbo. Since I'm on an H1-B visa, I'm only allowed to earn passive income. If I purchase a short-term rental property and hire a property manager to handle its management, would the income be considered passive under my visa status?

Furthermore, I'd like to know if I can use lucrative options such as bonus depreciation and cost segregation to offset my W2 income. However, I'm also unsure how material participation would factor into this scenario. Could you please clarify the implications of material participation in my situation?