Depending on your situation it might be better to elect to capitalize on all rehab expenses and a great conversation to have with your tax professional

STRs cannot be thrown into the same aggregation election that you use when qualifying for REPS.The only way to unlock STR losses is to pass material participation, and pass it specifically for STRs.Myth 6: STRs are reported on Schedule C instead of Schedule EThis myth comes from misunderstanding the IRS instructions that were specifically written to be confusing.

I heard that we still have chance for the "100% bonus depreciation" coming back after the presidential election. 

With less demand, sellers may be more motivated to offload properties, especially those facing higher holding costs due to rising interest rates.Also, the election season plays a major role with what's going on. 

So I just created an LLC and it was formed with the State about a week ago so I have a little under 70 days left to decide which tax classification I would like to elect before it is defaulted as a disregarded entity, for a single owner. 

He was more specifically referring to how presidents get elected.Anyways I'm probably coming across as some fanboy.

Some claim it is election year (most likely not the reason – just an excuse).

I suspect the jobs market and economic data is going to come to light after the election which will show the economy is not as good as we thought and potentially provide a little more relief on interest rates.

The guy mostly just worked on his golf game and watched TV while he was president.  

Rate buy down(s)- In addition to a conventional interest rate buy down, or prepaid interest, certain property types such as primary and second homes can elect for 2/1 or 3/2/1 rate buy downs, or seller paid, prepaid interest.