All available loopholes, which allowed deregulation of units were, unfortunately, closed by our elected officials, except the substantial rehab strategy, which requires 80% vacancy throughout the building and 75% replacement of all building-wide systems, you are essentially forced to renovate the complete building and still at the mercy of DHCR.. which has the final saying

Despite any reluctance to address the situation, maintaining transparency and professionalism is essential.

HI Kev, we helped a lot of luxury STR investors this year utilize the accelerated deprecation tax incentive, I would actually suggest checking out the bigger pockets featured tax preparer section and sine it's likely a considerable reduction definitely not try and do it yourself..the investment in high quality reliable tax advice is essential to any investor tool kit. 

For sure seems like a situation where finding the right place is essential. 

We are sending a very clear message to those who seek federal funds that we intend to stand up for the cause of civil rights and expect them to do the same.John Trasvia, HUD Assistant Secretary for Fair Housing and Equal Opportunity (FHEO), added, Prohibiting this form of discrimination provides an essential protection for many Americans, including disabled veterans, seasonal workers, and persons that are using housing choice vouchers to maintain housing for themselves and their children.

Essentially if they are a regular house but they have a log cabin "feel" they will be ok as long as you prescreen it with your lender upfront. 

If you don't file, they may never take you seriously and essentially force you to have to file.

**Essential Clauses**: What are the must-have clauses in a medium-term rental agreement?

Rob -Yes, as a high-wage earner with limited deductions, owning rental properties, including STRs, could provide additional deductions such as mortgage interest, property taxes, operating expenses, and depreciation.However, while you mentioned the potential for negative cash flow, it's essential to consider the overall financial implications of investing in rental properties.

It's essential to assess whether current prices align with your budget and long-term goals.