other posters have started threads saying they're going to buy STRs for tax savings... and this doesn't make sense to me.  

This might make sense, but again, you are just deferring the taxes and now pushing tax from capital gains to ordinary income. 

Nevertheless, continue monitoring the cracks, and if things progress, consult a structural engineer.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

Patrick,  I am an investor consultant with Build 2 Rent.  

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

On top of that you have lower taxes, insurance and a lack of HOA's.

Consultation scheduled for November, looking forward.  

I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?