.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Compare the level of specification after renovation to that of comparable properties in the area.

Here in Colorado, STR rules are city and county specific and the laws vary widely across the state.

Hi Nick, the loan officer should be able to get you some type of term sheet or quote that shows the different costs associated with that specific loan and scenario.

@Jessica Morrisonwhat's your specific question? 

Check with your county it is so specific for property taxation. 

What is your specific issue/claim ?

I have a rehab team here in CA just not KCMO..

great idea...i should be more specific on the terms with what i plan to rent to see what can be worked out by the lender

Also through the MLS you can get things like median & average rents for specific areas plus DOM stats although I'm unsure about price to rent ratios.