This is where good tax planning really pays off—not only can it help you maximize these benefits and reduce your tax bill, but it can also help determine if paying for cost segregation is even worth it for your individual tax situation.

Would love to hear how qualified Real Estate Professionals, handle logging and whether anyone could share their worksheet template or maybe even suggest an awesome app to use. 2. 

Any advise about how to handle this situation?  

Most major metros can handle MTR only and STR only--- it's a strategy discussion.

Residential, in my opinion, is a hassle so I am getting rid most of those properties so I can reduce my hands-on activities by 90%.

I couple weeks ago I talked to an agent selling a VA foreclosure in Southern California and he said their last sale was handled by New American Financing but he didn't have a whole lot of info other than that.  

I mean, it's your property......At least that's how I always handled it....

However, refinancing would likely mean I'd have to pay PMI, which could reduce my cash flow.

If I purchase a short-term rental property and hire a property manager to handle its management, would the income be considered passive under my visa status?

That was the biggest benefit that came up time and again was the amount of time that they stay in the property reducing turnover.