Bonus: you get life insurance an average 40 year old would have to pay $38/mo for otherwise.  

Bonus hot tip!

So if you found one with paid off system, I guess that is a big bonus. 

I was wondering about STR and was thinking about how much tax benefit I could gain by bonus depreciation and offset my W2 income.

I own 4 acres right next to the Graton Casino  that could be my next project put in about 100 apartments and call it a day.. won't have great returns 5 to 6% but I will get them and not have all the stress and drama like what your going through...

Bottom line STR restrictions are just going to get tougher over the years so one needs to choose very carefully up front and also if your buying based on cash flow I would think you need to make sure your OK at long term market rent and base your buy on that.. if you get STR added revenue thats a Bonus.. there are areas of the country were STR will probably never get attacked like we are seeing in many markets.

In practice, it makes the tenant view you as weak and so they will come back for more an more until you say "no" to something and then you are the evil, greedy landlord AND as a bonus let's rile up the whole building.

I have no debt and I have a job starting July 15th with a salary of $110,000 (end of year bonus expected to be 50-100% of salary).

Honestly, we should have been easy clients - we came to him with a plan in place wanting his help on claiming REP status, setting up a cost segregation for a rental property bought and functioning in 2022, so that we could file for 100% bonus depreciation for that tax year.

Low HOA fees ($1000/year) and close to the mountains and casino.