Hello, My mother-in-law is in the process of converting her former primary residence in Fresno, CA into her first long-term rental. She recently moved out and has already hired a property manager, who will be coordinating interior painting and new carpet before the home is listed for rent. She'll...
I’m interested in using the STR tax loophole to show a paper loss to offset income tax on high W2 earnings. To access that loophole the property needs to be managed by me directly, so I’m looking to by locally in Southern California where I live. While I’m aware that this isn’t the most attractiv...