By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

Since you will not be renting the unit the entire year, I believe this will affect your taxes by reducing your deductions.

With a cash purchase you reduce some risk and increase cash flow. 

Some hearings can be watched by the public online.Around a third of cases get dismissed, often because the tenant came through with the money.Tenants tell of medical emergencies and job losses, of the money that hasn’t come in yet but is expected soon.

@Joseph HenryIt works the same on an adjustable rate mortgage - if you pay extra it reduces the principal balance

Most of the landlord unfriendly laws like rent control etc. end up reducing supply, contributing to a supply/demand imbalance and increasing appreciation potential while reducing turnover.

Increase your cash flow and wealth and reduce overhead and management time. 

@Pretty Khare As Ruben and John mentioned above, you can utilize a cost segregation study on your STR property to reduce taxable income (or create a taxable loss) to offset against your W2 income, but you need to ensure you are following the IRS guidelines very carefully.

Happy tenants are more likely to renew leases, reducing turnover costs and vacancies.Legal Compliance: Property managers ensure compliance with local, state, and federal laws, including regulations on rent control, fair housing, tenant rights, and eviction procedures.

I’ve heard that a debt settlement attorney can help negotiate with creditors to reduce the total amount owed, which sounds appealing, but I'm a bit unsure if the cost is worth it, especially since some charge high fees.Has anyone here worked with a debt settlement attorney?