@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

They also get a small bonus on every review they generate.

Looking to talk to someone who’s had experience adding a bonus room/sunroom in San Diego.

Because I did not buy this on Biggerpockets, am I not able to access the bonus content.

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

My goal is to leverage that equity for additional income.

There are so many great local coffee shops in Indy to try, that is just a bonus.