Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...

Nothing wrong with riding that wave I think. 

For illustration purposes,  I built my most recent wave of 1400-1500 SF 2 bedroom + home office/smaller bedroom condos in Mount Airy intending to sell them but missed the market with the rate increases and opted to rent instead of sell.

But if you have a good relationship with a bank, they may be willing to wave such a seasoning requirement to just as soon as the property is rehabbed and rented (we have a few that are willing to do this).

It is similar to the Encode but uses Z Wave for integration vs WiFi.

Ride the wave and wait for more, expensive, repairs to come along or cut my losses and sell this property?

Do you think this is a wave of the future or just a trendy strategy for now?

It's not all rainbows & unicorns, but the city has turned the corner on recovery and those that get in now, in the right areas, should ride a solid recovery wave to wealth.Now that we've covered that, read our standard copy & paste advice about rental investing below:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

We saw an large initial wave of demand when they chose the site. 

Do you wave the real estate agent fees?