@Patrick Shep the STR Loophole is a great strategy. 

No, STR Loophole makes depreciation useful to offset all active income and passive income3.

But it’s a loophole the the dishonest have discovered they can readily abuse.

There are loopholes.  

I've putting my money into public markets and HYSA but once rates drop I need to re-think the HYSA.Other investors I know are doing STRs in California and OOS, partially because of the IRS loophole with STRs and being about to offset active income, some MTRs (renting out to people displaced for insurance reasons such as a fire, other reasons, not so much travel nurses like during COVID), buying an apartment complex together with 3 to 4 people, working in the real estate industry (acquisition, property management, lending, becoming an agent, etc).

Hello everyone,I'm considering purchasing a triplex with the following unit mix:2 apartments for short-term rental (STR)1 apartment for long-term rental (LTR)Questions Does this mixed-use property (80% STR, 20% LTR) still qualify for the short-term rental tax loophole?

For example, if you use the STR Loophole strategy, then you could potentially use depreciation to offset your physician income which would lower your taxable income and lower the amount paid to PSLF. 

This is what the attorney is focusing on on, that I did not send the security deposit notice to the correct "last known address" and therefore I violated FL 83.49.The attorney will argue in court that he or his legal assistant mailed the notice of last known address change to me since there is a proof of service filed in the eviction court, but as I previously stated, I never received it and did not know about the attorney until after being served with the summons and complaint about 2 weeks ago.This attorney has found a very lucrative loophole in the Florida landlord tenant laws and sues many landlords over a technical violation.

The STR loophole is all about “material participation”.

Happy to answer any specific STR loophole questions for you as well