Super helpful response here @Max Emory - thank you!

I appreciate your response!  

We have the same concerns and I am hoping we can get more responses from the veterans here.

MIchael Symthe :  That would be my response also.   

Thanks for the response.  

Hope this response helps! 

Thanks for the responses: A short-term residential rental is a unit such as a house or condominium that is rented out to guests for less than 31 days in a row.

No response and he pretty much dismissed this line of communication.   

You must clearly define roles and responsibilities while addressing all the what-if scenarios.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.