Like I said, in the "what you gonna do" category and I do agree that the OTAs are going to drive far more business than I ever could, even if I'm harvesting guest data diligently and have a good return guest base. 

Quote from @Daniel Rabinov: While I appreciate all the brokers pushing their market here, it would be nice to get some investor opinion on the matter as well.A lot of people are saying the Columbus and Ohio are over saturated and over harvested already and it's nearly impossible to find good deals. 

But I’ve found ways to get the cash for down payments then have harvested equity to scale up. 

While depreciation unrecapture is annoyingly tricky to calc, fed doesn't tax you more than your marginal rate.Do you have any other capital losses to tax loss harvest?

The fruit, nuts, or grapes, until harvested, are growing crops exempt from taxation under Section 3(h), Article XIII, California Constitution.

And even then, that only defers the tax liability.With the craziness in the public markets, you could potentially tax loss harvest...At least be glad that you made money on it in 8mo. 

If you have any other capital assets to tax loss harvest that would help, too.You don't recapture the salary/pay... 

Otherwise, you might just buy from him in stages over time...Does he have any other capital investments that he can tax loss harvest?

@Nick Ruffini There may be some opportunities for tax-gain harvesting but without the relevant data, I'd be unable to confidently say one way or another what would be beneficial or possible for your parents.

Hello BP Family,I'm looking for some guidelines on doing STR mainly to help with tax-loss harvesting.