@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

Ok, if it's still sounding do-able, the next issue is that section 179 can't be used to create a business loss, so it would only reduce your taxes for the year if your rentals are operating as a taxable gain (but rentals are often at a tax loss thanks to depreciation).  

Deductible: This is not a coverage but rather your portion of a claim.

You’ll pay more for tax prep, more for record keeping, more for financing but what will you get?

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

This is a screenshot from a private Facebook group for tax professionals.

., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.

Do you have a current need for that cash flow generated from the tax savings?

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.