It's hard work, but the appreciation you can get and depreciation is a huge bonus.  

Regular depreciation, accelerated depreciation, bonus depreciation, all of them.

https://learn.roofstock.com/bl...Good thought but careful with bonus depreciation.

Im not applying the NA multifamily investing model but maybe I was being generous calling them incredible.

We will renovate the fix up the first floor additional dwelling and plan to rent it out as a STR for the rest of 1st year to maximize the return of our renovation expense against our W2 taxes via the Cost Seg / Bonus Depreciation.

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

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.

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.