Also your cost associated with holding (utilities paid by landlord or tenants, taxes).

No W2, tax returns etc.

I feel like if I pay 15% bonus taxes, I should be able to write off my car I drive for my business haha. 

Just like your saved after- tax money in your bank is not taxed each year. 

Unless you tell your friend to work 100 hours and you work 101 ;) According to prior tax court cases, travel time does NOT count toward material participation time.

@John FongCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

actual insurance, actual taxes, actual utilities, actual capex. 

I am curious what tax benefits I can claim, if any, specifically:1. 

4) Applicants over 18 - what about full-time college students still being declared as dependents on parents' tax returns?

I got a house and have been house-hacking with Air BnB, now is the time that I'm looking for doing the taxes with my W-2 and the Air BnB income, does anyone have any recommendations on an accountant in the upstate South Carolina area that is familiar with doing taxes for real estate investments (ideally specifically short term rental).