Additionally, buy-and-hold investors can take advantage of tax benefits, such as depreciation deductions, to reduce their tax liability.House Hacking StrategyHouse hacking is a real estate investment strategy that involves purchasing a multifamily property and living in one unit while renting out the others.

The no state income tax was a big draw.

What are all of the possible tax deductions when claiming a rental property?

The issue you'll have is that if you want to defer all tax you must purchase at least as much as your net sale. 

Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests.

Plenty of other circumstances where this might be needed....bankruptcy sales, tax valuation suits, probate disputes, sales in business breakups, Treasury department sales.Hope that makes sense.   

Obviously taxes play a part.

CPA advised us to start at LLC and buy our primary residence as an investment property and rent it to ourselves for tax benefits.

But we are missing expertise the maximise our current and future tax position.

•Best For: Investors looking to potentially secure a lower mortgage rate while accessing equity in a lump sum.Key Considerations•Interest Deductibility: Interest is generally tax-deductible when used for buying, building, or substantially improving a rental property, for all three options.