That could affect your taxes greatly.I'd recommend researching cost segregation, finding a good CPA to guid you, hook up with a good Realtor, and do it yourself. 

UPDATE*I reached out to locally CPA and they claim they can handle preparing my taxes in addition to handling a bonus depreciation.

I am not a CPA, but do maintain books for various real estate-types.

This post does not create a CPA-Client relationship.

*This post does not create a CPA-Client relationship.

My CPA requires Quickbooks online and it seems there isn’t an easy way to do the data entry and allocations and keep those two systems inline with all the transactions.  

Smith, CPA 

My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level.

Similar to a 401k, part of the strategy is a tax arbitrage.It is a much better outcome to take the deduction at 37% rather than 24%.Lever 5 - % Bonus AllowedIn 2023 Bonus depreciation has been limited to 80%, and will continue to ramp down 20%/yr until it hits zero in 2027.Bonus depreciation has come and gone in the past, but the more you get, that first year payback is higher and higher.Lever 6 - % Payback RatioUltimately how much you save vs. how much you pay matters.Caveat - Talk to your CPA before you purchase a cost seg study.You need to have a way to monetize your losses through1.

This is typically done through a change in accounting method using IRS Form 3115.This post does not create a CPA-Client relationship.