Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more.Cost Segregation 101 Author: Sean GrahamHappy to answer questions :)

I know that I want to focus on LER with the brrr strategy. now my questions are:1. where to start?

Hey @Simon WalkerHave you explored creative financing strategies?

Having a CPA who really understands REI and STRs is key for tax strategy and compliance. 

Do you and your husband have any kind of long term strategy in mind?

Has anyone used the company BNB Leverage to help with the airbnb arbitrage strategy?

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Are you focusing on long-term rentals, or are you still exploring different investment strategies?

For many it could be a decent strategy to invest their money back into their property.Its the same thing for doing a renovation.

Many programs start with something tangible—a product, tool, or strategy.