I currently have to do a quick new market study to quickly filter out a market and it is tedious.I do believe the big names brokers are overpriced.

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?

What you can do to offset this profit is to invest in syndications that do cost segregation studies (which will lower your tax you pay).

@Jeremiah Mon education is vital but make sure you take action on the items you study.

Please study engineering and you’ll have more of a grasp of why measuring amperes (electricity) or volume (water or natural gas) lends itself to reasonable precision.  

Hi my Name is Travandra but you can call me Nicki, I have been studying and trying to get into real estate wholesaling for over 10 years.

Quote from @Brian Felczak: Everything you need to know is available in books, blogs, the forums, and a little time studying.

Based on the value of a property you can likely get away with a inexpensive desk top study such as condos and you will require a more comprehensive engineering study for larger properties like a 4plex.Desktop / modeling options are sometimes good for smaller residential like you mention. 

Quote from @Homero Matzenbacher: Hello Everyone, My name is Homero I am a student at IU Kelley School of Business studying finance.

This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions through things like cost segregation studies.