You also need to meet the 100-hour material participation rule, and your average period of customer use must be 7 days or less, per IRS regulation.

Ever heard of "The Shoe Shine Rule"? 

And if you're even considering short-term rentals, check the rules upfront so you don’t get surprised later.

Utilities are at the street and lot size is around 7,350 sq ft.For those who build or flip new construction in this kind of pocket, how are you currently underwriting:• Entry lot pricing• Build cost estimates• Resale expectations• Timeline riskI posted the full details in Classifieds per BP rules, but I’m mainly looking for feedback on how builders in the Upstate are approaching infill right now.Thanks in advance.

Also, using this approach, if a replacement property falls out of contract, you still have time to get another replacement.You need to be aware of the 95% rules and the 200% exchange rules, especially if you are doing a one-to-many exchange.

Completely neighborhood and plan dependent, there's no rule of thumb. 

The reality is a property worth $375 that can rent for $2100 max is always going to be a poor rental.Using 50% expenses (50% rule)2100 (rent) - $1050 (expenses other than mortgage) - $2047 = negative $997You can see even at a 40% expense ratio, this would be negative)   Even at 30% expense ratio this is negative.  

If you still want privacy, consult a local attorney on entity plus registered agent options and confirm your loan’s due‑on‑sale and transfer rules before you close.

Weekend rules, fees, and how they prefer requests?

Hey @Laura Heald, I’ve got a buddy who actually built financial freedom doing co-living, but it only worked because he treated it like a real strategy, not some magic cash-flow hack.He’s got 7 places in Florida — all tweaked to fit 6–8 rooms — furnished everything, used PadSplit’s structure for rules/tenant issues, and had someone local handle the hands-on stuff.