Notes can go bad, security for note can go bad, economy can change.There is no limit to monthly #.

However It would be interesting to see if you have a contract and your entitling property you dont own and then you sell in less than a year ( which I would think would be pretty limited as entitlements take longer generally speaking) to me thats ordinary income from time and intent. 

Would you suggest he should he spend four years at a college with the slim chance that might turn into working a company job, competing with H1B applicants for employment, to eventually 20 years later of saving to maybe flip burgers at his own establishment in competition with Mcdonalds? 

Clickbait headlines promising “easy refunds” or “loopholes everyone qualifies for” can lead people into real trouble with the IRS.Some things that are often misunderstood:STR (short-term rental) rules: People sometimes assume they can deduct every expense without limitation or ignore occupancy thresholds.

They may have been able to process the claim under damage to property of others, which usually carries minimal limits.

Build up some equity and cash flow on residential properties and scale that- anyone can do that with limited resources.

Then eventually these great AirBnB's were a lot more upkeep, a much more active business than many people were expecting, then with the mix of market trends of lower occupancy during lower periods of travel crippled their ability to stay afloat for those just starting out compared to those that have been doing it for a while & have better quality residences at better prices.For Co-living, the property has to be worth while, the layout has to be setup good, the tenant pool may be a little more limited due to people having to rent with possible strangers, etc.

When 2% was no longer applicable, it turned into the 1% rule maybe 8 years ago.Now, the 'general rule' is that you may need to put down 40% to make it cash-flowBest of luck!

Don't confuse buying in good markets with limiting yourself to being from those markets.

For STRs, those limits don’t apply.