These deductions reduce your taxable income, which helps maximize your profits.Finally, real estate provides diversification for your investment portfolio.

Reduce local building expenses, fees, encourage investments where people want to be.

I'm working on various projects to get it ready to rent and reduce the immediate capex expenditures once a tenant is in there. 

Paying down your mortgage may reduce the entire term of the loan and save you thousands if you actually hold the property that long without refinancing. 

I liked the reduced crowds more intimate event than especially last year’s event.  

At that point I might be considered to be engaging in brokerage with my role reduced to a "lead generator" for my contacts/employers, the Buyers, who are essentially paying me a finders fee.

To reduce expenses.

In your situation, it sounds like the primary focus for you is more a quality of life play (reducing your commute time), and the STR may allow you to break even cash flow wise? 

If more investors spend a fraction of the time and energy spent worrying about asset protection and do the things on a daily basis that prevents liability exposure, plaintiffs attorneys won’t eat as well. 

You can often hire them at a reduced rate.