Pace is a go giver is is consistently giving Bonus zoom's in every subject that you can imagine.

The exact strategy you choose really depends on the exact $$$ numbers you are working with, the type of tenant you have in place, and the property itself.Based on what you have shared so far, I would consider the following strategies:(1) Offer the tenant a generous early move-out bonus, if they move out in 60 days.

How does bonus depreciation work?

After discussing with my accountant, it looks like taking the 80% bonus this year is the best option moving forward, BUT that is mainly because I am not sure I will be able to qualify the income as non-passive in 2024 in beyond (I may not make the tests in those years).

At the move-out for work they do, then a nice little placement of new tenant bonus.  

Look into cost segregation/ bonus depreciation. 

I pay according to the plan, but any bonuses or extra cash goes toward the little balances to feel like victories.

Are you familiar with the 2017 Tax Cuts and Jobs act that allows for Bonus deprecition to be taken in the first year a business asset is put into service?   

It gives you 80% bonus depreciation this year and beyond. 

Strategy: buy and hold.Florida for lower taxes, sunshine and close proximity to hospitals (travel nurses), universities, parks/attractions and bonus the Caribbean and South America is right in it's backyard.