.- For the STR side, there are two main paths to avoiding "passive" classification: (1) Average stay of 7 days or less or (2) 30 days or less with substantial services (e.g., cleaning during stays, concierge-type services, meals, etc.).If your wife materially participates (100+ hours and more than any outside help), then the STR side can be treated as non-passive, meaning losses can offset W-2/1099 income.

.▪ Brief risk/mitigation bulletsDoesn’t need to be heavy, just shows we’ve already thought through the downside.Those couple of additions have made conversations with lenders much more efficient on our end, especially when moving from preliminary interest to real underwriting.Appreciate you sharing this, would definitely like to take a look at your full checklist PDF as well.

They refused to recognize funds in accounts, I then set up a new account specific for this closing, they wanted reserves in accout and rushed me to place full amount to close just two days before they said they would close they then combated saying they didn’t send funds because they couldn’t source and questioned why large amount was deposited, I went out of my way time-outs , they wanted business records for other cash businesses to justify , then refused, provided invoices and records for cash received for rentals over a 4 year period and another cash business, t he refused to accept any of that , even though each all showed more cash receieved than what the deposit was, a banker I know offered advice on how they deal with it with his underwriters, helped make a promissory note and showed, I’m giving cash funds to be invested in the business for the purpose of investment.

He uses many services to take down all his bad reviews.

Then the full $20,000 of the old property is taxed as depreciation recapture, and at the bad ordinary rates.Disclosure: this is the only part of this post where we don't have a firm consensus between CPAs.

We just wrapped up one of our favorite projects to date—a full BRRRR execution on a three-property lakefront rental package in Hot Springs, Arkansas.

TN is a "hybrid" state -- if you win the auction, you get a first lien on the property, and if it's not redeemed withing a year (all the past due taxes are paid in full) you automatically get a deed to the property. 

Quote from @Andrew Born: Unless the property was completely destroyed, you won’t receive the full coverage limit.

Quote from @Nicholas Cavato: Does anybody have a written contractor obligation/agreement example they could provide or know of a cheap service that provides templates?

Account Closed It appears that property meld is for maintenance workflow and is not a tool designed for full service property management (marketing units, resident applications, screening, showing units, rent payments, lease management, e-signatures, bookkeeping, and maintenance workflow).