Considerations for Long-Term Tax Strategy: If your long-term STR status is uncertain, weigh the benefits of bonus depreciation against the potential downsides of depreciation recapture and passive loss limitations.

However, I happen to own 2 houses already on that street of older small 2/1s including the one next door that I purchased last summer in updated condition with a good long term tenant in place for $25k!!! 

I’m Mark, a new real estate investor based in San Diego, leveraging my background in AI-driven lead generation to find off-market deals.I’m currently looking for small multifamily properties (duplexes, triplexes, or quads) to rehab and house hack, to build long-term cash flow while living in the property.Outside of real estate, I’m into fitness, golf, and exploring San Diego’s best outdoor spots.

But it would be good if you understand how this is done just for your education etc.  

I'm a long time lurker and first time poster. 

The city where you invest determines all long-term income characteristics.

. - Substitute goods.

Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

It'll be a good learning excersize. 

Ian - do you have any recommendations for a good securities law attorney?