But If you looking for a long term SFR rental (3/2/2) you will have to spend anywhere from +$350K to find a move in ready rental in Plano.

@Josh Urrutia this will be a primary home, so I will be holding it long term.

Quote from @Isan Sahoo: Hello everyone,As a prospective investor in short-term rental, I would like to get some feedback regarding the upcoming demand for short-term rental.

I looking to BRRR and long term hold on commercial property (office and retail). 

Purchase price: $575,000 Cash invested: $140,000 I live in the house that I bought it as a long-term investment.

If your goal is for active gains (w2 income and biz income) to be offset by the losses generated from your property, you need to do 100 hours material participation on the short term rental, and it must qualify as a short term rental by being rented out for 7 days or less.

I look at what they do which is unsecured short term financing to companies out of money - so that could easily be 40% or 0%.

Assuming you are managing the property well and taking care of maintenance issues, there really is no benefit to either you or your resident from the inspection.  

If a primary residence is converted to a long-term rental property, can bonus depreciation still be claimed in the first year?

We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.