The IRS only allows hours that are directly tied to real estate activities—like developing, managing, acquiring, leasing, or operating rental properties—to count toward Real Estate Professional Status (REPS).

As for the condo, an LLC isn’t required as long as you avoid prohibited transactions, like personal use, though having one can help keep things cleaner.

Eviction notices are like magical pieces of paper that make money appear in my bank account within a few days of the tenant getting them

Sounds like you've lived there several years,, might be time to buy another primary and move.

Im all for creativity to get deals, but this ..this was vile.Jason spent less than an hour at the end of the class half-@ssedly rushing through his biggest selling point.. a negotiating strategy he calls the 'seller waltz', which turned out to be nothing more than rushing through the list of creative real estate structures should the seller not accept your cash offer… “Oh, you don’t like my cash offer.. what abouuut this?!

I like that idea actually.

Once set up, it handled the basics well, but like any system, there are trade-offs depending on your priorities.

Hey @Katherine Perez, so if you are at a minimum of 30 days, this is a long term rental.There really isn't a mid term rental, it is just a way to identify a property where stays are over 30 days but usually less than 180 or a year.Like @Krishnan Iyer said, there is no real tax benefit like there is with a STR.Another important thing is that your "guests" are really now tenants and they will have all the rights a tenant would have.

Things seem to be slowing down based on my assessment of what I'm seeing on sites like Redfin, and I feel like I'm getting closer to finding a deal.  

I liked it because it had a nice cushion layer on the bottom, was thick, and flexible.