Most people think making more money is the answer

Summary

This video highlights how high-income professionals can leverage short-term rental properties and tax strategies like bonus depreciation and cost segregation to reduce their tax burden by creating paper losses that offset W-2 income. The 1-7-1 method is suggested, which includes keeping stays under 7 days, logging 100 hours of active participation, and structuring the rental with bonus depreciation and cost segregation.