Tangible personal property identified in a cost segregation study is what allows you to accelerate depreciation.

In the markets we deal in, numbers can kill deals that would be home runs elsewhere but a 2x4 costs about the same in both (just the sales price does not support a rehab that would be middle of the road in a place like CA.

And since I would like to go back to it being a STR when some of my life calms down in a year or 2, it doesn't make tons of sense to get rid of it all and then start again!

All are local to me in a non-vacation rental spot.

Some will dangle out-of-market offers in a term sheet, then ask for substantial sums of money right away.

Think I better clarify - this isn't an altruistic attempt to help VRBO 😄, but rather a hope that it might result in a higher overall booking rate if both platforms perform at a high level

Personally, I wouldn’t invest in a market where appreciation averages only 2%.

Keeping it CasualIf you only find toys once in a while, you might not want to open a full-on toy shop.

I've never seen 90% in 7 years of real estate, let alone in a market where the treasuries are at 20-year highs.

They also have a home vacancy tax in a lot of areas which applies to short term rentals.