What you can do to offset this profit is to invest in syndications that do cost segregation studies (which will lower your tax you pay).

We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct against our W2 (assuming material participation).However, we have been reading through the IRS guidelines (eg publication 946 on Property Depreciation) and there seems to be the concept of "short year" which would mean that we can only deduct ~1.5/12 of a year's worth of depreciation in 2024.Is this correct or are there any different rules for STRs specifically?

Study up on warrantable vs non-warrantable condos.One idea I think for a fresh grad, is to find a great RV park operator. 

Mi Espanol es muy malo and I don't know any other languages.😂 Look into it or don't, I'm just the messenger and I'm a terrible one at that.

If you study the economics of this industry, you'll see that it's very much like a sports team.  1% makes most of the money, then a small 2nd tier of agents do some transactions and a majority of the rest do nothing. 

Hi my Name is Travandra but you can call me Nicki, I have been studying and trying to get into real estate wholesaling for over 10 years.

Quote from @Brian Felczak: Everything you need to know is available in books, blogs, the forums, and a little time studying.

Hence the scariest word's in the English language; "I'm from the Government, and I'm here to help".... 

@Sean Nava  If you haven't considered a cost segregation study yet on any of your investment properties, you are leaving a lot of money on the table.

Quote from @Homero Matzenbacher: Hello Everyone, My name is Homero I am a student at IU Kelley School of Business studying finance.