That’s insane.Protest your taxes people.

These are the exact areas I dig into as well, because they quickly reveal whether someone can realistically meet the participation requirements that drive STR tax benefits.Understanding W-2 demands, average stay length, hands-on involvement, and the dynamics with a property manager tells you almost everything about how the STR will perform and how the tax strategy should be structured.Most investors underestimate how much these factors impact both their numbers and their ability to use the losses.

If your rental "loses" $10K per year, sure that's tax deductible, but it's certainly not a tax credit.

Welcome to property tax investing. 

If you’re working a normal full-time W-2 job, you generally can’t qualify as a Real Estate Professional under the tax rules.

Construction loans are different from financing rentals where the lender’s involvement is often limited to collecting annual financials, tax returns, leases, and insurance renewals.

Hey Zach,I am not a tax professional but I am in my 2nd househack and it is my understanding that you are correct on the washer and dryers.

I try to meet with all my clients at least once before tax time.

We’re looking for a tax professional who understands medium-term and short-term rental properties.

We never had to pay tax.