And inventory does not qualify for 1031 treatment. 

Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?

What you can deduct are things like wiring, plumbing, window treatments, cabinets, windows, etc.

Yes, it's hard and there's pain and sometimes treatment required.

As always, your CPA should advise on thishttps://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals

I'll try to be helpful and concise here without being too long-winded...ESPP - Typically you buy this at a discount (Usually 15%) typically you get beneficial tax treatment on the discount and won't have to pay income tax on it as long as you hold it for their required holding period.

@Dave FosterShouldn't a caveat be said about State tax treatment? 

I do not get any special treatment or preferential deal flow by working for the company.

I am not advocating anyone "play checkers," and it is pretty arrogant to call anyone wishing to get out as doing so.  Re

Be a great landlord - Provide timely communication, responsive maintenance, and fair treatment.