Not unless you have a lot of other assets.

Licensing/STR has nothing to do with REPS.Bonus depreciation applies to assets with a recovery period of 20 years or less (e.g., renovations, furniture), but not to the land, down payment, or HOA fees.

Then paired with the last point-- it's an affordability issue.I think asset prices dip a few after the first rate cut. 

Be an asset instead.

This creates a record of your communication, which could be important if legal issues arise later.Liability Considerations: You’re correct in thinking that getting the LLC to pay for roof repairs could be difficult, especially if they own no assets or claim no liability for the tree falling.

Honestly, the conversations I've had with my clients that are debating the portfolio v. single asset refinances have landed on how much do you value flexibility.

Personally I’d go to Lowe’s and buy a set of machines that only has dials for controls, no electric, digital panel.

If something were to happen with the property, such as a lawsuit from a tenant, having it in an LLC can help protect your personal assets from being at risk.

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

To prepare for maximizing bonus depreciation or conducting a cost segregation study, you can begin gathering detailed records of the property's assets and improvements, coordinate with a cost segregation specialist early, and consider any renovations or purchases of eligible equipment to align with tax strategies that take full advantage of the current bonus depreciation rates before they phase out.