Can one take depreciation from the income generated from the inirtial primary in tax year 2024?

The same home with unlimited usages would generate $85-95k gross. 

@Alex Rodgers generated wealth through long term rentals. 

Is it worth the few hundred or thousand bucks a month it would generate?

Ever wondered how to turn your short-term rental (STR) into a revenue-generating machine?

Source: Insurance - ValuePenguin, State Property Tax Rates - Rocket Mortgage.Tenant Segment SelectionProperties do not generate income; it's the tenants that pay the rent.

During this time you are not generating any return from the money invested in the ADU.

Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.

Alot of first time cost seg folks come to us with losses generated all excited to offset w2 income, only to find out they did not qualify for the STR loophole properly and cannot use the losses against active income.

Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.