Many other deals we see have 20 to 30% (of equity) bonus depreciation accelerated into year one under the current tax law.  

Use house hacking or bring in a partner if you want to accelerate your timeline. 

If you wanted to put yourself in a better position you could always just use an accelerated payment plan until you know the future/market.The other thing is why position your portfolio to one property when you could have 3-4 in a short period of time. 

I'm also trying to determine whether to take accelerated depreciation when it's available to me, and what the longer-term ramifications might be.

One of those advantageous tax laws is bonus depreciation, also referred to as accelerated depreciation or first year depreciation.Bonus depreciation allows you to accelerate your depreciation by increasing the amount of depreciation that can be written off in the year that the asset is placed into service.

If you're making money on the STR and the massive profits that so many tout, you're probably not going to get much in write offs....maybe this year with your accelerated depreciation if you make improvements and do a cost segregation study....but you'll probably be paying more taxes next year on your massive profits.3.

Looking to finally jump in this year and get a multifamily or investment rental I can use accelerated depreciation.

Would recommend looking into a cost segregation to accelerate some items.It also depends on how you report taxes.

I decided to split it up in a partnership to leverage OPM (other people's money) to accelerate my growth.

A little bit about me:- Just finished reading "Retire Early with Real Estate"- Currently reading "The House Hacking Strategy" by Craig Curelop- Passionate about and pursuing financial independence through index-fund investing but on a journey to accelerate it through real estate investing- Born and raised in Montgomery County, Maryland but currently living in Fairfax/Northern VirginiaCurrent housing situation:- Rent-hacking an apartment unit my gf and friend- Looking to purchase my first property in the DMV area before/around next April, rent extra rooms to help offset or pay the mortgage, build up capital for the next house-hack, and repeat the process for the next couple of yearsHoping to connect with and learn more from you all/BiggerPockets in general as I get started on my journey!