Typically, it's applicable to certain types of property, and the rules can change.Regarding short-term rentals and bonus depreciation, the Tax Cuts and Jobs Act (TCJA) introduced favorable changes for businesses, including bonus depreciation for certain qualified property, but the specifics can depend on your situation.Using your property for short-term rentals may affect your ability to qualify for certain tax benefits, and the classification of your property (personal residence, rental property, business property, etc.) can impact the tax treatment.The IRS has guidelines regarding the depreciation of rental property, and bonus depreciation may not always be applicable to residential rental property.Additionally, if you decide to switch the use of your property (from short-term rental to long-term or mid-term rental), there could be implications for tax treatment.Given the complexity of tax laws and the potential impact on your specific situation, it is strongly recommended that you seek advice from a qualified tax professional.

@Olivia Cannizzobuying a primary residence is a very personal decision, and I normally try not to advise on itbut - buying is expensive, in that you can pay significant closing costs on top of the down paymentso... to buy something to live in for 9 months, and then be negative if it's a rental... and now your 20% is stuck in it and not available for when you movedoesn't make a lot of sense to me unless i am missing something.if you move, you could house hack in the new place with a much lower down payment loan... and that frees up a ton of cash for other things. 

But they have no website they have no license and they do not market its all word of mouth.Whats happened basically since the GFC is that HML s  have started to market themselves as PM lenders with the Rouse that they are private there for to the layman borrower that means cheaper rates and easier qualifying.. 

Residents of Idaho, Vermont, Kansas, and Maine, among others, however, don't have to worry about licensing.

Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.

@Alba Cheung, to piggyback off Josh, in addition to local ordinances, you must review the bylaws if the properties reside in an HOA community.

If you do not have other passive activity other than your passive real estate activity, creating a loss with a cost segregation will only create a passive loss that you, likely, will not be able utilize in the year of the cost segregation and will carry forward.If your real estate activity is ordinary because, for example, you qualify as a real estate professional, the loss created by the cost segregation can offset other ordinary income, creating an immediate tax benefit.This is definitely something you want to discuss with your CPA.  

The key reason I first look for cashflow potential to qualify my properties is because I'm buying levered and plan on continuing to do so as long as the money stays cheap and / or until I can accumulate enough capital paired with equity to make some all cash moves, if ever.

You can buy a home with a low down payment and find assistance programs that give you cash upfront to buy a primary residence.

It is honestly the most illogical qualifier you can use.