The high appreciation market will be the higher cash flow market over the hold.  

This means that when you sell the property, your adjusted tax basis is lower, which increases the capital gain you must recognize.Additionally, any accelerated depreciation taken is subject to depreciation recapture at a higher tax rate (up to 25% for real estate assets) rather than being taxed as long-term capital gains.So, while cost segregation provides significant upfront tax savings, it also increases your capital gains tax liability upon sale unless you use a 1031 exchange or other tax-deferral strategies.You can find your current tax basis by reviewing your depreciation schedule (Form 4562) and prior years’ tax returns, specifically looking at your adjusted basis on Form 4797 (for sales of business property) or Schedule D (for capital gains and losses).Your CPA should be consulted prior to making any decisions. 

This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender. what markets?

I usually just google "market name" airbnb or short term regulations.

I don't have a specific area that I'm focused on, something up and coming area that's being turned around might be best, especially for my first deal.

Are there specific market indicators or property traits I should be paying attention to?

Or is that something that depends on a persons specific situation?

It was just brought to my attention this morning that the marketing email didn't specifically outline a final date to register with the exclusive early access discount.

There are a lot of specifics pertaining to this and every lender is a little different in their interpretations of guidelines.

Location is crucial for short term rentals and it is better to fit the majority needs than to be a specific kind of rental.