New AirBnB’er.. question with schedule c and tax benefits

[Matt Lenzi]

Hi All! Still trying to lock down a tax pro who is familiar with the STR strategies, but in the mean time- I've got some questions. I just started my AirBnB, it's a full time investment property. According to most everything I've read, I'll be filing schedule c on taxes. It is my understanding that I will not be subject to self-employment taxes because I don't think I offer any substantial services... Still not sure about that one.

With that being said, we just finished the rehab and furnishing.  I’ll have a couple bookings this month, but tax year 2019 will be a huge loss with all the expenses.  Will I be able to deduct the loss against my main source of income? As I understand, schedule c is active income not passive, so if I am able to deduct losses from this AirBnB against other income AND not pay self employment taxes, that would be great!  Any help on the subject is greatly appreciated!