Unlike long-term rentals, STRs can be treated as non-passive, allowing depreciation deductions, including bonus depreciation (40% in 2025) on eligible assets.For tiny homes, tax classification matters:If mobile, it is considered personal property, allowing 100% depreciation under §179, subject to income limits.

You could put most of your funds in the stock market and access them when needed for a HML.

And here's a tip...When you think you are all done; stay in your new STR for 24-48 hours and keep a list of each thing that you were reaching for that wasn't there. 

Quote from @Paul Lucenti: @Shawn Ackerman thanks Shawn - I'll add that into my numbers thanks for the tip.

@Tim Ryan thanks for the tip!

Would you have any helpful tips on what I need to learn, know, expect in doing this in a new state.

I am leaning on local first for my next investment, but not ruling out an out-of-market opportunity. 

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

I'd love to hear your stories and tips!

Through loopholes there are many home owners that are illegal immigrants, if they get deported , what will happen to their homes?