I am new with short term rentals and have been operating one since November 2022.

Is anyone familiar with short term rental market in the Cape Cod / P-town area of Massachusetts?  

Did you know that short-term rentals only account for 15% of the stays for travelers?

The reason I bring this up is that changing from a single member LLC to a trust with both you and your Husband could potentially reset your 2 year holding period requirements if you wish to 1031 exchange again in the future. 

Thanks.Investing in real estate is generally more of a long-term play in terms of generating solid return, but there are ways to make money in the short-term! 

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

I've only been with them a few months and I didn't want to bombard them with special requests during the transition period.

That is a very high income so I would definitely look to acquire some short term rentals to supercharge the cash flow.  

Look into KBKG for cost seg, they also have an online calculator, but a full manual study is far better.I'm not a CPA, but I'll check you :) There are some different rules specifically with regards to Short Term Rentals.

Hey @Ingo Bothe, Indeed STR can give great tax benefits for folks looking to do the "short term rental loophole".