I'm looking to connect with Huntsville locals who can assist or point me in the right direction. go to the local FB groups I bet there everywhere 

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

We have about 100 BRRRR examples and case studies we share with clients. 

Reach out to us here if you need more assistance!

@Sean Nava  If you haven't considered a cost segregation study yet on any of your investment properties, you are leaving a lot of money on the table.

In addition to my full-time role as an engineering manager, I’m building my real estate business as a side hustle with plans to grow it further.My current focus is on assisting first-time homebuyers and investors, but I’m always eager to explore new strategies and opportunities.

Are there better returns to be had renting to EDEN housing assistance renters, or should I stick to cash-paying tenants?

Quote from @Melanie Baldridge: A question that we get:"Does the IRS require site visits for cost segregation studies?"

Feel free to reach out if I can be of any assistance, best of luck! 

Quote from @Joe Mills: You are exempt if you meet one of the following requirements:Owner-occupied buildings Properties with four units or fewer that are owned and lived in by the ownerSingle-family homes Homes that are sold or rented without a broker by the owner, as long as the owner doesn't own more than three at onceIf those don't apply, then you must abide by Fair Housing and you must make reasonable accommodations for people with assistance animals.