If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

Keep it seperate imo.

Based on this of course it would still be risky, specially being the first time but better start somewhere than just keep analysing properties right?  

@Marc Shin, Soundproofing is definitely something worth tackling for a short-term rental—it’ll keep your guests happy and help you avoid complaints.

They have a vested interest into keeping everyone happy because it is way easier to keep a client then to go find a new one. 

PM's will keep all late fees, they hold the security deposits so they collect all the interest on security deposits. 

And you will keep missing deals if you don't take action.

Keep in mind you'll generally need 20-30 days to refinance! 

Please keep those posts in the Classifieds forum.Need a spreadsheet or form?

What should I keep in mind to ensure I'm approaching it the right way?