Good morning everyone,Curious to see if someone could help with the following question:If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?

Their is risk and like many who posted to me personally my personal homes are off limits to investment debt.

Also, considering that new propositions may pass that would limit/restrict future increases.Look forward to hearing from landlords, investors, previous/current renters and anyone else to help me determine what to do. 

But when it comes to conducting Cost-Segregation studies to “accelerate” the depreciation of a property, can I still “carry over” additional entitlement from, for example, my first tax-year into the following years even if I am not meeting the REPS criteria through STR’s? 

This is my fist deal, as per recommendation of my studies I'm doing this cash and I will refi when I'm done.

Most people don't do it because it's a pain if you manage it yourself and for limited upside.

Is there a W-2 limit or is our CPA not knowledgeable on STR tax???

But you'd always want to talk to the city right away (or county) and find out the development standards for the zoning that the lot is in (what are the setbacks, height limit, min lot size, etc).

But, if it's all you know, I guess that limits your perspective somewhat.

In some markets or some tenant bases they always like to push the limits.