Will the strategy of 10xbnb co-listing help me save taxes on my w2 using the STR loophole ?

[Prashanth31]

Hello dear hosts

     I want to become an Airbnb host. I have a long -term rental home. But according to various tax strategy CPAs and YouTubers , like Tax alchemy etc. , it is a good idea for me to invest in a short term rental option like Airbnb so that I can write-off and save more on taxes that I owe from my regular job as a physician.  I could potentially go to Zillow.com across usa and search for a studio apartment in any of the safe downtown or upscale neighborhoods and do some background search , buy it and put it up for Airbnb. But , that will take more money apparently compared to something called “airbnb co-listing” , where you search for landlords that have long-term homes that are vacant and not finding renters.  Any experience in this ? Will this form of Airbnb still qualify me for the STR loophole when I file taxes.  I know I want to have just 1 Airbnb. But I need advice on single ownership listing or the “10xbnb.com” style of co-listing.  Please advise. 

[Helen3]

This is something you should talk to your accountant about about @Prashanth31 

I can't see why any tax system would allow you to  write off more tax than the income you generate .

[Prashanth31]

@Helen3    yes, already checked with CPA ; hence, I am trying to enter this market as a potential future host.  As a part-time employee of a different field like IT / engineering on a w2 salary, in USA, I am not technically a full time real-estate agent or professional.  And, due to that limitation, I cannot write off all of my expenses from my long-term rental property. I can write-off to a maximum of my rental income equivalent.   hence, I am trying to enter the STR market which allows me to do that