@Pretty Khare As Ruben and John mentioned above, you can utilize a cost segregation study on your STR property to reduce taxable income (or create a taxable loss) to offset against your W2 income, but you need to ensure you are following the IRS guidelines very carefully.

It rents for $1950 and is more of an appreciation play because I like the area. 

I work for General Dynamics Electric Boat which has decades long contracts with the US government and the turnover rate is relatively high in the company so my thoughts are if I could choose a place that is within commute distance there and within the price range of the average employee that maybe that could be a great idea but I want to know if people think that is too much of an assumption and risk to make?

You should have the contract modified laying out all that you want the seller to take care of due to the inspection. 

Buy your properties and care for them!

You want to make sure that your properties are taken care of at all times.

@David NingBe careful asking for investor-friendly agents!

If you're interested in digging deeper into some of these options, especially in the real estate sphere around Austin or Phoenix, I'd love to share more over a coffe chat.Take care,PatTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

So, if they don't care if you back out of the deal, why would the seller give you anything.

I don’t care what people think, maybe you do that’s why you calling my post a FB post.