If anyone has first hand experience and an example of how to use this deduction, that would be really helpful.In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations.

I understand there are deduction limits, does this apply to this "STR loophole" as well?

Or if you are using the home as a short-term rental, you could try to qualify as "materially participating" and use the short-term rental loophole. 

I have some questions about the material participation rules for the STR tax loophole.

There are some tricks and loopholes to this method to ensure you are doing it to maximize best efforts.

Thanks Brooklyn, I didnt mean illegal by loophole haha though I disagree about flirting..I think we should have flirted much harder to gain us some better rights as property owners :P  

I am wondering because I am contemplating using the short term rental loophole this year. 

In fact, it may shock you that you are supposed to pay all your obligations, not find gray loopholes to squirrel your way out of them.

Lot of these common misunderstanding is coming because folks are saying loophole/opportunity for tax terminology and tax regulation.

If you qualify for the short-term rental loophole, then taking the deprecation makes sense( in general).