Dyson from Hawaii here! Looking to buy my first STR at 23 and become more tax smart in the process. Excited to join this community!

Happy New Year everyone! Does anyone know how claiming equity, depreciation, and deductions for leasehold properties works for short term rentals? It's common in Hawaii to buy leasehold properties and convert them to short term rentals, but it's so rare on the mainland U.S., so this has stumped everyone I have asked so far. Thank you so much!