You're not necessarily paying more to go with one option versus the other.

You can offer options like reduced rent during disruptive repairs instead of relocation; simply as a courtesy, but absolutely not required. 

@Sandeep K MamidiTo flip properties effectively, use market knowledge, research local trends, and innovative financing options like private money loans, partnerships, and syndicatation.

Furthermore, I'd like to know if I can use lucrative options such as bonus depreciation and cost segregation to offset my W2 income.

If you are audited the IRS will want to see supporting docs (e.g. calendar, CC statements, etc).If you've reached the end of this thread and your NGMI on RE pro there are a few more options:1.

The business model is heavily based on the volume of sales, making iBuyers an excellent option for anyone searching for a quick, all-cash transaction.When searching for iBuyers, it’s important to know that there are a lot of scams out there.

I agree with having multiple options / viable strategies.

Erie could be a great option, especially if you guys are familiar with the market and have family there.

Other option is giving a small portion of equity and splitting profits and ongoing costs evenly, but not sure how much equity to give or how to logistically buy their equity out later on if I want to keep the STR for life.

My guess is that you consider many properties as options before deciding to buy one, and vetting wholesalers is similar (look at many, with hopes of finding one).