STR loophole, self manage, and bonus depreciation for Year 1, then switch to PM

[Brian Bello]

can you self manage a new property 2024 and take advantage of the STR loophole and take advantage of bonus depreciation (60%) to offset W2, but then give it to a property manager to manage in 2025 (understanding that in 2025 we won't be able to offset W2 for year 2025)? and then further, in 2025, could we get a second property and self manage that one and take advantage of bonus depreciation (40%) while the first property is being managed by a PM? and keep repeating every year getting one new property and self managing that one, while the previous properties are managed by PM?

[Sarah Kensinger]

Sounds like a good plan! But definitely check with a real estate CPA that is familiar with STR.