Just to present an alternative point of view regarding California residents investing in STRs, I'd say the gambit still works and works well.For one thing, you still get to use the Section 263(a) tangible property regulations' de minimis rules, which probably mean you can immediately expense most of the furniture and fixtures in your STR.For another thing, while for your California return you won't be able to use bonus or accelerated depreciation for the personal property, you will still use shorter 5-year and 7-year lives for maybe 25% of the improvements.But the big thing: The federal tax bill is far, far bigger.

That includes property taxes, insurance, the cost of maintenance and labor etc.

Property values soared high in this town since past 7 years.

Please continue sharing your stories.I'm curious what neighborhoods in Philly you have rental property in and what great neighborhoods/zip would you recommend for rental properties. 

What are the best areas in Birmingham to flip properties?

Quote from @Hazel Anderson: Hello, bigger pockets pros, We have a rental property in Columbus and we are looking for a contractor who can replace the existing basement window with a standard sized window.

I dont manage any properties i do wholesaling and am looking for my first rental, not sure why i chose that LLC name but oh well.

Is the property & tenants mostly easy to manage or is it taking up a lot of your time?

The turn key property is on a tiny island in the Chesapeake Bay in Maryland called Smith Island.

Sad to say, but i let this property go.