He uses one of the units to live in when he is in the area and to fulfill the 1-year duration he has this as his primary.

Expected duration of the deal check to check and why?

., spending more than 50% of working time & 750hrs pr yr in RE business) or 2) short-term rental status, rentals with a duration of less than 30 dys)I do not qualify with a RE prof status, but I will be acquiring another property with the purpose of having it for short term rentals (property B), please note that this property is outside of the U.S., so my question is: I don't qualify as a RE professional status, but can I use the acquisition of the short term/property B as my "short term rental tax loophole" for the purpose of the cost seg on property A?

I LOVE these deals because you will essentially get a free loan for that duration to complete your renovations.Best of luck with your two projects this year, and reach out if you want to discuss more details.Phillip DakhnovetsGuardian Property Management & MaintenanceHi Elvis, you will need to fill out a constrcution permit if you are doing a major renovation, which requires a inspection from the city to ensure the code is followed.

The rest of the funds received will be considered a return on your cost basis and non-taxable as well.Thanks for the response Ben The house was never used as a rental, it was owner occupied by myself for the duration of the mortgage.

Often what they ask for is not what is always required... it likely says something like "Verify the duration the entity has been in business" and someone decided "A letter from a CPA would be acceptable and easy".  

Has anyone used HomeTap for funding leverage given that there's no monthly payment for the duration of the term?

Investing passively in a group can allow you to invest in multiple asset classes (apartment/mobile home/assisted living), in multiple locations and with varying business plan duration. 3.

As someone deeply entrenched in this industry, I understand its nuances, including the complexities of temporary housing.ALE engaged my services effectively for a significant duration, recognizing the value I brought to their operations.

I am hiring her to place a new tenant and manage the rental through the duration of the lease.