STR for tax-loss harvesting and help to find STR out of CA state

[Sangam Baligar]

Hello BP Family,

I'm looking for some guidelines on doing STR mainly to help with tax-loss harvesting. I was primarily looking within the Bay area and figuring out it's hard to do as many cities/counties have STR regulations in place and the purchasing price point is always >$1M and it affects the targeted CoC ( >15%) in the following year.

So, I'm looking for two help from the family here:

1. Would love to hear and learn from anyone within the BP family who has successfully executed a tax-loss harvesting STR play and continues to do so every year to offset W2/1099 incomes. What are the pros and cons of cost seg and bonus depreciation? What are the thoughts and suggestions on rehabing a property and then converting it into STR to maximize the tax losses?
  Note: I'm only planning to do 1031 down the line and will be materially participating to meet the >100-hour IRS requirements.

2. I looking to team up with REs who have done STR-focused deals and provide end-to-end service to manage STR in TN, WI, FL, SC, NC, VA, and Colorado. I know it's a pretty wild cast, would like to hear from the local experts to help narrow down to specific zones/cities based on the current trends and experience/occupancy.

  
Appreciate the discussions and feedback on this thread. Thank you in advance.