Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

Sometimes, just offering to handle some basic admin work or help with marketing can get your foot in the door.If you’re not sure where to begin, you could take a quick online course to brush up on the tools or skills you think might be useful.

Quote from @Ashish Acharya: @Niklas Zhu If you tear down your STR in 2025 and convert it to personal use, depreciation recapture does not occur at the time of conversion.

Liability Protection: An LLC provides legal separation between your personal and rental property assets, which can protect personal assets if a lawsuit arises.

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.

Ask for higher security in person have them back out on their own if they still want the place you will be safer with more security

From personal experience, this can motivate them to do a final deep clean before handing over the keys.Finally, for peace of mind, you might consider consulting a local real estate attorney.

.$500,000 will turn into $1,000,000 in less than 7 years.Great return and little to no work.You may want to consider spending $400,000 on stocks and $100,000 on a rental property.Take the $100,000 towards a property and see if you can make a return and handle the work involved.Best of luck!

Another one to consider is the FHA 203(b) if the repairs aren’t too major and you’re okay handling some out-of-pocket fixes.

Handle this promptly to protect the owner’s interests.