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

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.

Share your funniest DIY fails.Before and After: Show us your most satisfying transformations – we love a good before-and-after!

Our whole-tailing strategy effectively transformed and sold the property quickly.

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

Bonus hot tip!

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.

And of course the general location and specific location (is it on busy street, near train tracks, transformer substation, etc.)After that, I would say the quality of the kitchen and bathrooms as well as the master bedroom (is there a walk in closet).Then HVAC.

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.