The exact amount of capital gains you can offset will depend on the cost segregation study results, so it’s crucial to discuss this with your tax advisor to ensure you’re maximizing your benefits while staying compliant.

I do want to add to my portfolio but might not need as many properties if I'm able to maximize cash flow by taking this route.

That's my personal style; not threatening or hostile, but more of a " hey, lets see if we can get this back on track, otherwise you'll probably have to move back in with your Mom...".If your money is so tight as the landlord that you are maximally stressed over rent coming a few days late, you need to work that out on your end and not create a problem where there really isn't one. 

Exception happens (for example, a project built miles away from substation) but in general you'd like to maximize the chance to success and best to avoid the risk factors.Land - Generally it should be at lease 20 acres.

If you're a real estate investor looking to maximize your tax savings and boost cash flow, cost segregation might be your secret weapon.

What is the strategy to maximize the tax reduction.

To fully understand and maximize these deductions, resources like Stephen Fishman's "Every Landlord's Tax Deduction Guide" or IRS Publication 527 can be helpful.

However, with mortgage rates where they are, it might be worth waiting for them to drop a bit to refinance and pull out equity at a better rate.For your second question, improving your current property to maximize its value before a refinance or HELOC is a smart move.

So, you are simply suggesting get my, “hands dirty,” with Long term rentals, rinsing and repeating the “house hacking” strategy before even considering STR’s and meeting REPS and Material Participation requirements to maximize tax write-offs on my future W-2, correct?

So find one who specifically works with real estate investors and can help you maximize your taxes.