So I've been doing my own taxes in Turbotax for 20 years now (I only own 2 rental properties but both were BRRRs), and I finally got stuck on something and went to a CPA 2 years ago, and he reviewed my past 5 years of returns and pointed out that I had made multiple mistakes (incorrectly categorizing repairs vs capex, calculating basis and therefore depreciation wrong, failing to realize that certain expenses for a home converted to a rental property start being deductible the day the property was placed in service vs actually occupied, the list goes on). 

Are you navigating a Sec. 1031 exchange or facing deferred tax gains and looking to understand how to optimize your deductions?

The new property is the tax shelter that can take some of the burden off of your carry over year to absorb some deductions.

However, I would ask them and see how much of it you can deduct.

This means that you can give more to the charity without it costing you more out of pocket.In addition, you can take a charitable deduction for the full market value of the securities on the date of the donation.

But definitely find out from a CPA that specializes in STR and tax deductions! 

IDK I am more frustrated with myself than anything, but we have attorneys, realtor, mortgage broker and RE investor telling us this is BS/scam so why am I still pondering on it lol I guess cause they have a hefty $down payment and my CC on file to deducted monthly fee!

If you can benefit, then regular depreciation is a very small deduction, except for...4.

For 2024,  bonus depreciation allows for 60% of the cost to be deducted in the first year for qualifying assets.

It seems the Occ% would be higher with off market/owner nights deducted.