When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

.), just to move the entire reservation to new dates, which Airbnb typically treats as a modification.

Treating them as “one applicant” without running both names is how you accidentally inherit someone with a surprise eviction, bad credit, or a criminal record.Run a full check on both — background + credit.Even if the spouse isn’t the income source, you still want to know who’s living there.

Got my feet wet with wholesaling and it's been treating me pretty well so far, honestly just leaning on my sales background.

Do you treat single families and multifamily differently?

Short-term rentals (where the average stay is under 7 days) aren’t treated as “rental activities” under IRS rules; they’re closer to active businesses.

Hi @Linda Cunliffe, If you sell to a relative below market, the IRS treats the discount as a gift, not a deductible loss.

You aren’t treating all applicants equally. 2) Why aren’t you requesting they get a SSN now?

Everyone talks about finding deals, networking, and learning how to analyze properties — and yes, those matter.But the most underrated skill I’ve seen in successful investors is simple:Paying attention to the details after closing.That means:Tracking every expense from day one.Separating business and personal accounts.Understanding what counts as a repair vs. an improvement.Keeping organized records so your CPA doesn’t have to guess.It’s not glamorous, but those details are what protect your profits.I’ve seen investors crush their first few deals… only to get hit with avoidable tax bills or missed deductions later because they didn’t have a system.You don’t need to know everything at once — just treat your portfolio like a real business early on.Deals make you money.Good systems let you keep it.

When you treat each property like a business unit, the entire portfolio becomes easier to scale.Distressed doesn’t mean risky.