On average, a safe number would be 1/3 of the building value can be reclassified which comes out to $86,790.In 2024 bonus depreciation is 60% = $52,074In 2025 bonus depreciation is 40% = $34,716These $$ amounts are what you can write off in year 1 against your W2 income as a “paper loss”. 

Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like.

I have surpassed that in about 2.5 years, and do feel that the $10 K number is where I would feel 'safe and content with' while having a mortgage payment down to almost 0. 

Let's assume it appreciates 2% per year to be safe. 

Hello, We don't currently have a STR, but posting here because many STR use these kinds of devices.   

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Domestic violence safe homes are always in demand. 

So most investors I know are fine with this.I have seen some who will stack an additional LLC on top of it...to be "extra safe" in their minds.

The first thing I would do is ensure it is safe.

Accurate and meticulous record keeping will keep you safe from IRS audits.6.