When Should Cost-Egregation Be Considered for a Property?

When should cost-egregation be considered for a property? Or I guess you could say, if I have a portfolio of properties, when should I consider that? That's a great question. We ended up doing my wife and I because we needed the deductions. If you invest in a short term rental like an Airbnb, VRBO type property, if the average stay is less than seven days and you or me can show material participation,. You only have to meet one of those tests before you can use them to offset your W2 income. It doesn't work on long term rentals but basically you're setting it up almost as a hotel business versus a piece of real estate.