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Summary
This video explains how using a short-term rental (STR) and materially participating in its management for over 500 hours a year enables deducting depreciation, mortgage interest, and operating expenses. They purchased an STR for $718,000 and used a cost segregation study to identify bonus depreciation, allowing them to deduct over $200,000 in year one and save $54,931 in taxes while building an STR portfolio with an annual cash flow of $73,715.
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