So yes it will reduce the taxes owed this year but it will hurt every year in the future.

It's a smart way to reduce or even eliminate your own living expenses while gaining investment experience.

We have in effect done a pocket veto as we have not responded, but I plan on responding indicating we need above LTR rates otherwise we can just switch to LTR increasing our revenue due to reduced expenses.  

With a great cleaner, our workload reduced 90%.

You have to be careful on taking this decision.Problems to solve:- Reduce vacancy.- Improve in property management.Then you can think on expanding your portfolio.A good investor would need to have the hands on the ground to make sure that they understand what is going on.

Having a cleaner drop it off at a laundry mat and pick up at a later date for a cheaper per pound cost just adds more labor / steps of complexity to the process.You can add two night stay minums to reduce your cleaning and laundry costs but it drives away your opportunity for big one night pay days.

If you find a good manager, you can still make as much money (or more) because they will attract better tenants at higher prices, reduce turnover, maintain the property better, reduce losses from amateurish mistakes, etc.3.

Here's a simplified example of how this can work (or at least a good way to wrap your head around it):Let's say the property you're interested in is listed for $100k and for whatever reason, you think the seller would accept an offer at $90k (maybe it's been on the market for a bit and they've recently reduced the listing price).    

It will not reduce your taxes. 

So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.