After considering some of the variables and running the numbers again, I'm looking at pulling a HELOC on the property as a way to hold on to the current property, but also have flexibility in investing in some other OOS markets.I do think Bend will continue to appreciate and grow as a desirable market so I'd like to hold onto the property (plus it has great cash flow!).

And assuming a 0% return on the $200k you could have in the bank earning $10k/year if you sold. 

.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

It’s a short term rental started in Oct 2024 and earning during this off season is under $10K but cost segregation has nothing to do with rental income only depreciation of the property and with bonus depreciation being 60% this year I think it’s worth it.

I live in a very desirably town in upstate NY, refinanced at a super low rate, so will keep the house as a rental.

Expensive markets are often desirable because many people want to live there, driving up demand and prices.Reno, NV, for instance, is a market that benefits from diversified employment sectors, including tech manufacturing, hospitality, and recreation.

It’s a way to earn solid returns without the day-to-day work.

If you are not cash flowing and have a high earning job you don't need to deal with 3 or 4 rentals. 

Without knowing KC, I would be hesitant because given the price and rent, I suspect it might be a less desirable area of town—again based on prices in completely unrelated cities.  

When we let you know it wouldn't be a full refund because of an earned premium period, you stated that your signature was forged and you didn't actually buy this policy.