Without a full summary of the STR tax loophole for high W-2 wage earners, here is a link to the best explanation and summary I've come across and helped me digest the value of the benefit: HERE In short, the bonus depreciation rate was 100% in 2022, 80% in 2023 and is planned to be phased out to 60% this year. 

Just make sure you are talking with an actual investor when you take advice not someone that is "planning on" investing. 

remember your first home is not your forever home, it's your first rental so it doesn't need to be everything you want.look for homes where the bones are good, but cosmetically needs love. don't by pre 1960 if you can help it. you'll end up just having to replace all the guts like plumbing and electrical at some point. it's inevitable. look in areas where the path of growth is headed, but might not be currently. think 5 years out. look for resources like your local chamber of commerce to see what businesses are coming in and where. your city planning office should also be on your call list as they can help show where most permits are being pulled for development. follow the money. go to local investing meetups. crowdsource local knowledge and form meaningful relationships. those who've gone before you typically will help out and help you avoid the mistakes they've already made. onward.

The houses are the exact floor plan, design, interior, etc.  

I am able to work as a travel doc, and she works remotely in tech, and we plan to use our combined incomes to put towards REI, as well as keeping our cost of living reasonable!

I'm from Mexico and I've been studying recently about multifamily investment in the US, I'm planning to raise a friends and family fund in the next year and I would like to know if it is possible to get a loan for a commercial multifamily project creating an LLC or what would be the best way to do it.I'll appreciate a lot your comments.

It would be helpful if your client already has their plan for property remediation lined up. 

A customized plan that supports your objectives can be created with the assistance of a financial adviser or real estate specialist.Good luck!

Charles cabinets and kept the floor plan largely intact.

To hit that $11K per month I plan on having all my properties paid off.