I recommend that you speak with a real estate accountant to see if you will benefit from a cost segregation first. 

STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

There might be some added tax benefits for this if you add in depreciation to help push you to a lower tax bracket. 

Hey @Kimberley Sewell, I have never used it but they definitely focus on the revenue instead of the home price.For example, on the main page, there is a place that showed up for me in PA for $397k.

Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.

They have other nice benefits also such as not charging for appraisals if the deal doesn’t close, a great reputation amongst local listing agents with meeting deadlines/ great customer service/ getting the job done with no b.s. and they can often close in under 14 days. 

For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.

It will familiarize you with the basic terminology and benefits.

It will familiarize you with the basic terminology and benefits.

Cost Advantage: Property prices in Mexico can be 40%-50% lower than comparable investments in the U.S. or Canada.High Occupancy Rates: The average rental occupancy rate in Tulum is 70%-80%, driven by year-round tourism.Economic Stability: Mexico's economy grew 3.1% in 2023, with a robust real estate sector supported by foreign investment.Infrastructure Investments: Developments like the Maya Train and new airports enhance connectivity, boosting property value.Feel free to reach out if you'd like more information on how to invest in Mexico, benefits and insights in general!