Reduce your debt. 

Most properties that size are 2nd homes and often sell with furniture included, which can reduce start-up costs.No cap on STR permits in Washoe County on the Nevada side. 

I can also get a Home Equity Loan from Better Mortgage for another $70k and then sell which would reduce the taxable amount to about $130kCurious on thoughts from others if you would prefer to try and rent it out again or sell and allocate the money elsewhere. 

For what it is worth I had a client cost seg their AirBnB in Gaitlinburg and it reduced their taxes owed by 26K. 

Reduce landscaping service costs, reduce water consumption, reduce other utility bills, etc…

It doesn't have to be perfect, but the rental income helps heavily reduce or eliminate the mortgage. 

It means you paid 50-80% of the expense, and then you received 20-40% back in reduced taxes. 

If you buy a package of 6 lesser houses  that means I have 6 roofs, 6 hvac, less cashflow, and likely subpar appreciation(dollar for dollar) compared to better areas.The reduced maintenance costs, higher rents, better tenants, appreciation, and reduced hassle factor for new construction are real and attractive.  

It took me about three years, after improving the units, raising the rents yearly and reducing my costs, to break even.

It can eliminate or reduce the largest expense most of us have.