Some of the talk coming from the Trump camp is promising, specifically Elon musk and the department of government efficiency.

I just watched their video.

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

There's a nexus of factors tied to the LLC lending question worth noting.Typically we use a specific type of private business-purpose note that enables LLC lending.Other benefits of this note include: No Income Verification, No Credit Reporting, LLC Liability and Privacy protection, Unlimited Number of Loans, Far Less Documentation,... many obvious and non-obvious reasons savvy investors run this route.These notes are also competitive with FHA/VA/Conventional interest rates; however a 15-20% minimum down payment is required.Happy to help you cover the bases.

you say youre in central coast maine, is that a specific city or a region? 

But, that is not always the right answer and you should speak with someone familiar with your personal situation to get advice specific to you.

I've bounced around social media watching many videos, but decided to follow along the BP forums.

I'll head into the zoning office tomorrow, probably better than attempting get my specific questions answered over the phone.  

One form of that is finding a specific niche subject matter expertise...something like an ice fishing cabin that those of us who don't know a thing about the category would never think of investing in.

If you use a DSCR rental loan it could be as low as 3-6 months of time seasoning required so it depends on what product you're using to accomplish the mission/goal.The time frame isnt a legal requirement, its a financing product specific requirement as a guideline to obtaining the money in which you seek.If you had other scenario related questions feel free to mention them below or via DM.