To maximize the tax benefits of STRs, it’s essential to track your time and other people's time spent on the property, avoid staying in the property more than 15 days, and perform a cost segregation study to accelerate depreciation.

@Nathan M kiefer To mitigate taxes on a $400K W-2 bonus, maximize contributions to your 401(k) (up to $22,500 or $30,000 if 50+), HSA (up to $7,750 for families), and Traditional IRA if eligible.

If we did not have the buyer for the price we wanted we would have closed on the deal ourselves to maximize our profit. 

Maximizing Deductions: You can still claim tax deductions (mileage, repairs, management time, etc.) on both properties as long as they’re legitimately related to rental activity, even if one isn’t in an LLC.

If you are trying to maximize space you may want to consider convertible sofas and/or one that has a pull out option.As far as material my preference would be a darker neutral color microfiber that would be easier to clean.Possibly most important is looking for one that is commercial grade for durability.

Despite its high purchase price, the neighborhood's strong market demand and low renovation needs made it a promising investment for maximizing profit with minimal turnaround time.

.: Quote from @Casey Clement Baxter: Also, if you’re primarily focused on maximizing cash flow quickly so you can quit your day job as soon as possible, you’re probably not investing in properties that will enjoy the greatest appreciation over time.  

To maximize cash flow, find suitable properties, analyze numbers, and focus on student-friendly amenities.

A property owner that is looking to maximize return may want to run their own STR.

@Harsh Poshti from my point of view and given the location's visibility on 355, proximity to the Clarksburg outlet and residential surroundings, a mixed-use approach could maximize your property's potential.