In my mind, at least, this eliminates this “send $650k to the title company with instructions to send it back to you”.  

They don't follow basic instructions.

, clear laminated instructions inside the unit, etc.Also very important to consider scale--if you are planning to have several STR's in the same area, then it's wise for you to invest time now to build your team there and manage the place without a co-host.

I get that but if you used that logic all these lenders that have their borrowers sign a quit claim at closing to be held in case they default/ or DIL and instruct title to hold it.. same thing they made a  loan and now 2 minutes later they have the property back because this deed was signed..

In a training conference, that was his instruction which I will stick too.

.✅ Superhost Strategy – We focused on getting 5-star reviews by optimizing the guest experience, from check-in instructions to small welcome gifts.🎯 The result?

The instruction stated it should go on form 4797, and the loss is subject to unallowable loss limit.

@Philip Beckwith typically in Michigan, you can only do a tax appeal in February.The instructions will be on the back of your winter tax bill.You will need to have great comparables to challenge the City Assessor's valuation.

Quote from @Zeona McIntyre: @Zach Howard I am working on a how-to book on Creative Financing now (I am the author of BP's book on Mid Term Rentals) because when I was teaching myself I was frustrated at the lack of clear instruction.

Quote from @Brady Ascheman: Hi everyone, when meeting with my CPA recently I was instructed by here that if you obtain "Real Estate Professional Status" as per the IRS rules then your rental income become "active" instead of "passive" income in the eyes of the IRS.