Hi everyone, I closed on a STR 1/29/2026. Took 3 months to furnish and remodel the property. First guest arrived in April. Will my time designing, call with contractors, paying bills, getting insurance, setting up permits, before April count towards MP?

Hi everyone! I’m new to the STR world. Like most people here, we’re trying to reduce our taxable income from our W-2. We just went under contract on a Duplex in Florida. My question is, who should we have own this property….our LLC, one of us, both of us (me and my husband) or a trust? What provides the most protection and doesn’t create any tax issues?

I just learned about this. I'm assuming this is for properties that are not complete gut jobs (because it's maybe end of life span) and are just cosmetic jobs? I have a STR that I'm planning to do cosmetic rehab for, but there is certainly life left in its current state. What do I need to do to take advantage of this come tax time?

Does anyone have a cost segregation study provider they’d personally recommend? We’re closing on our first STR next month and hoping to squeeze in a cost segregation study in Nov/Dec. My research (Perplexity, Reddit, podcasts) suggested a few companies: Seneca Cost Segregation (best value), CSSI (Bill Faeth recommended John Howard), Cost Segregation Guys (decent quality:price ratio), KBKG (comprehensive suite of services). Also, thoughts on paying the premium for a physical site inspection where licensed engineers are on-site vs a virtual one on a $600-700k property?