For those following this thread the strategy plays out like this. 

STR market is dieing unless you can play in the 750-1.4M$ price point then there is opportunity, most are going MTR or LTR, we manage a vast amount of properties and see clients switching from furnished to long term unfurnished, lots of data around this...

In that case there's definitely more than just numbers that come into play.

Waiting for rate drops is not my idea of playing the game in a smart manner. 

Long term fundamentals are great, but personally I'd wait for a few years and see how this multifamily glut plays out before doing anything.

- should i use bonus depreciation every year?

If you don't fall under that category you are really playing with fire. 

@Alagi Faye Your STR property in West Africa can qualify for U.S. tax benefits, including depreciation (over 40 years- but not bonus depreciation that comes with cost seg) and expense deductions.

You can find great 2-4 unit buildings at reasonable prices (compared to New York City), and many of them need to be fixed up, which is an added bonus of equity if you are willing to tackle a renovation.I'd suggest somewhere along the blue line (train) in the northwest part of the city, where you can find some priceless neighborhood vibes.Plus, the real estate community is unmatchable...tons of people willing to give you a hand up.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.