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).

They all used the same the tactic, money.I would offer a generous buyout, which I know will be hard on principle, but you'll spend just as much on lawyers and preserve your sanity in the long run, wishing you the best of luck.

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.

Cool older place to live a super bonus.

Do you know if it is possible to do the cost segregation and bonus depreciation if I non-resident of the US?

Unless he is giving you the actual invoices to pay yourself ( how i do it )  Myself we pay all invoices and GC gets a set fee and a profit bonus.. 

The only thing I’m hesitant with is their monthly income being 2.7x the monthly rent (plus 5-10% annual bonus which brings it closer) been following the 3x the monthly income qualification.

You could easily carve another bedroom out of the basement and still have a very generous family room.