Benefits: This strategy is particularly useful for high-income years, as it allows you to defer taxes and increase cash flow by reducing your immediate tax burden.A cost segregation study can be especially beneficial if you plan to hold the property for several years and want to maximize deductions early, but just doing cost seg is not helpful.

Beneficial Ownership Information (BOI) Reporting:| FinCEN.gov Do this right NOW!

I rented it out for 4 years now turning it into a airbnb it is now worth 400K What was the outcome?

If so, the STR strategy could be beneficial in your case.

Upgraded kitchens, bathrooms, and other items that hadn't been touched for years What was the outcome?

N/A What was the outcome?

Operated on a fiduciary capacityin other words if the above was done and the investment still went south, then that’s just x% outcome (risk) occurring, and a natural part of the investment process.  

Sounds beneficial but for $5K, I want to hear a person's actual experience. 

In the end, will this act be beneficial to the landlords, or renters long term?

@Bob StevensBeautiful outcome for sure.