We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

Either way, I will be very specific and intentional with vetting the property and numbers before I go through with the sale.

A triplex or quadplex could provide more units for rental income, but obviously will require more financing, so having your financials and pre-approval lined up early is key.Since you’re already looking to network, attending local real estate meetups is a great idea—you can also connect with seasoned investors or agents specializing in Long Island properties who can offer advice specific to the area. 

“I don’t remember any specifics right now,” she told San Antonio attorney Leslie Luttrell, who represents multiple creditors in the bankruptcy.

Then ask about their experience working with remote investors specifically - you want someone who's great with virtual showings and detailed walkthroughs.

But, that is not always the right answer and you should speak with someone familiar with your personal situation to get advice specific to you.

you say youre in central coast maine, is that a specific city or a region? 

Some of the talk coming from the Trump camp is promising, specifically Elon musk and the department of government efficiency.

I'll head into the zoning office tomorrow, probably better than attempting get my specific questions answered over the phone.  

There's a nexus of factors tied to the LLC lending question worth noting.Typically we use a specific type of private business-purpose note that enables LLC lending.Other benefits of this note include: No Income Verification, No Credit Reporting, LLC Liability and Privacy protection, Unlimited Number of Loans, Far Less Documentation,... many obvious and non-obvious reasons savvy investors run this route.These notes are also competitive with FHA/VA/Conventional interest rates; however a 15-20% minimum down payment is required.Happy to help you cover the bases.