Renting rooms in Primary Residence and using STR Loophole

[Shubham Agrawal]

Hello,

I am new to real estate investment and recently found out about offsetting W2 income using Short Term Rentals. If I buy a residential property, start living in it (let's say occupy one room) and rent the rest of the property (other rooms and maybe basement) for 30 days or less, will I still be able to offset my active income using depreciation, cost segregation and bonus depreciation?

Are people using this route often?

Thanks in advance!