Yes, you need to do a cost segregation study

Beyond BP, there is a lot of confusion in the accounting community as well but the same rules have been in existence for quite a while and often were not studied since STRs have never been so popular. 

I've been studying real estate investing the last few years and am considering jumping in.

FYI, after I was turned down by a local sub to mentor to be my coach, I dusted off and have been studying Carleton Sheets, No Money Down real estate program, that a family member gave me over a decade ago.

Independent studies (1, 2) and basic logic show you will make more selling it yourself.

In retrospect this $200 was never mentioned in the original pitch but I later discovered that even the idea of one time payment and forever help until you make the $1M profit and split with them is not true.

There are a lot of studies on this but it is not the immediate response from professionals whose business it is to document all the ifs and and buts of a partnership and to  problem solve for the inevitable problems.

And half of American renter households spend at least 30% of their income on housing, which is up sharply since 2000, according to Harvard University’s Joint Center for Housing Studies.

I’ve never closed a deal but I'm just gonna jump head first into it but I have been studying and reading lots and taking in content, I’ve done my due diligence.

If that's the case, then your next best bet is really concentrate on your studies.