In the realm of real estate investments, the short-term rental loophole offers a unique opportunity, subject, however, to certain rules and regulations.

Indeed you can do this, as long as your stays are 7 days or less in that year, and you can qualify for the STR rental loophole in that year to get the bonus depreciation against your w2 income 

Indeed there are other ways like the short term rental loophole.

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.

Hey Vikrant, Your STR wouldnt count for the STR loophole since its your primary residence, but the good news is the book keeping and tax situation would not be super complicated.

I would like to add what qualifies you are a short term rental investor that can take advantage of this "loophole" below: The short-term rental (STR) tax loophole allows property owners to classify rental income as non-passive, enabling them to take advantage of certain tax benefits even if they don't qualify for Real Estate Professional Status (REPS).

@Patrick Shep the STR Loophole is a great strategy. 

The law was written specifically to close this otherwise obvious loophole. 

For example, if you use the STR Loophole strategy, then you could potentially use depreciation to offset your physician income which would lower your taxable income and lower the amount paid to PSLF. 

You can usually use bonus depreciation against the asset assuming it will follow the short term rental loophole rules of 7 days or less average stays.