@Jane Trust Ryan,Welcome to Huntsville and the world of real estate!

So, common sense would also suggest that method may limit your business in states where that form of logic doesn't work.

I’ll be moving to Madrid in September to study my Masters in Real Estate.  

And that long term approach is how I see real estate benefiting the average person.To your point of not benefiting STR I slightly disagree, while this doesn't directly change STR rules I think it allows a potential for more STRs, again, if you're willing to make some sacrifices. 

The best time to buy real estate was yesterday.

FURTHER CONTEXT...I currently run my own handyman business and often take-on projects to rehab bathrooms etc.

I first got started with real estate by buying a 3-flat on a whim 5 years ago and now I am back for more.Happy to meet everyone!

I would still use a good real estate attorney in OK who's done SF deals before.

Hi Ambrea,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.

However, if you are going to take advantage of cost segregation, I would recommend working with a CPA that specializes in real estate such as Michael, Ashish, etc. or I'd be happy to provide additional recommendations rather than doing it yourself through turbo tax.Here's an article with additional FAQs on cost segregation studies that you may find helpful.