It is also my understanding that this would result in large tax returns (from depreciation offsetting my other active income) that I could use to continue to expand my portfolio. 

I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Happy to connect and assist you in your real estate investing journey.Happy to connect if you are interested to expand your portfolio@Albert Bui @Carlos Valencia

Then you can start expanding into bigger, better things.

If you are looking to expand to other properties in the future, that option of a cash-out refinance or HELOC on your appreciating asset is always there. 

Every once in a while I'll get motivated to search for grants to help me expand my portfolio and add to my cash flow but I've yet to find anything nor have I heard of any success stories.

Congrats - do you ever think you'll expand a buy a true standalone STR of just happy with this current situation?

I own property now but want to expand my portfolio. 

This is appealing for investors looking to expand their portfolios.4.

I want to expand to people who don't know about Everest.