Complete a tax research memo. It will be graded on accurately and insightfully analyzing the given facts with proper tax law and citation, as well as presentation $($clarity and conciseness of the writing$).$

Julie $($married$)$ just made partner at a local accounting firm. She receives a salary of $$120,000.$ She decides to purchase a property in Florida that she will put on rent. She would also like to treat this as a vacation home and have it available to rent by night when she is not there. She will receive $$175$ per night from the property when it is rented. Julie will also hire a cleaning company that will come after each guest. Some other expenses include additional supplies, maintenance, and depreciation of this second home. There is a mortgage on the house and annual property taxes will also need to be paid. Her AGI before considering any of these items was $$97,000.$ Using the tax law, determine how these items will affect her taxes.