Any advice on what setup is easiest and most tax advantaged?

Avoid surfaces that can stain or feel cheap like low end LVP.

In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.

Hi @Damon Diddit I would avoid Newark at all costs. 

If you don’t have a shop, you can still point people to toys, but you’re not supposed to act like you own the shop or start setting prices for toys you don’t actually have.Here’s why some wholesalers avoid getting their toy shop license:1.

I would recommend an STR for the best tax benefits and cash flow no doubt.

Stay for the forums, avoid the Bigger Pockets upsells and you will be golden.

With the recent tax law changes in capitol gains taxes in Canada and this property not being their primary residence.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

Thats $7700 a year NOT including my accountant/Tax prep.