It took me 12 months of studying everything I've outlined above before I felt ready to syndicate my first deal. 

I recommend you really study this issue.

Then their clients do a cost segregation study because they benefit from being high-income earners.

Work hard, study hard, save your money, and buy a profitable property. 

I just don't have the patience to wait four years and spend 6-figures for environmental studies on a 1-MW, four-acre project.

I study a given market's supply, rental rates, comp properties, etc. for a few months to truly understand the MTR market before I choose to invest there. 

Appreciation Potential:Evaluate potential appreciation in different markets by studying: Historical Market Trends: Tools like Zillow, Redfin, or local MLS can give you historical price data.

First, have a conversation with an accounting firm to see if a cost segregation study will be beneficial to you.You don't want to spend money on something where you won't get a benefit from.

I guide clients who are looking to treat their STR as active.Somethings to consider are whether you should get a cost segregation study done, creating a log of your hours and having an understanding of what hours count / don't count.