As Aaron mentioned, the key here is to materially participate in your rentals, and sometimes that can be challenging to do.

.🧑‍🔧 Contractor Labor & Supplies – Any materials or hired help for property improvements.🚗 Mileage/Travel – When traveling to inspect or manage rental properties (keep mileage logs).💻 Office Supplies & Software – Including bookkeeping tools, printers, and even part of your home office.Creative Ways to Give Back — and Still SaveGiving back can also be tax-deductible when done thoughtfully:🎁 Tenant Appreciation Gifts: Small gifts such as gift cards, snacks, or holiday baskets (under $25 per tenant per IRS rules) can be deductible as a business expense.🏘️ Community Donations: Contributing to local charities, shelters, or community events near your property may be tax-deductible if donated to a registered nonprofit (501(c)(3)).🧤 Property Improvement Drives: Donating old appliances, furniture, or materials from renovations to nonprofit organizations like Habitat for Humanity can qualify as a charitable deduction.Pro Tip:Before December 31st, review your receipts, invoices, and bank statements.

As importantly -those that purchased in the past three years (like me) and could qualify at higher rates - will refinance and REDUCE their housing obligations while equity rich owners - sell and reinvest.We expect more of a K-Shaped housing market: Entry level homes will be more competitive as fewer buyers will qualify (or struggle to meet obligations) as valuations climb but at the higher end of the market range - demand for diversification of prime assets will accelerate.Asset prices are all up: equities, precious metals, commodities, crypto and those invested have historical liquidity.

Your salespeople are going to depend on you for an office space, marketing materials, credit, LOS systems, CRM systems, and etc.. 

If you’ve been in real estate for a while, you’ve probably heard people talk about Real Estate Professional Status (REPS)— but most investors still don’t fully understand what it means or how powerful it can be.Here’s the simple version:If you qualify for REPS, the IRS allows you to treat your rental income and losses as active instead of passive.That means depreciation, cost segregation, and other real estate losses can actually offset your other income — even W-2 income.For full-time investors or spouses who manage their properties, that can mean tens of thousands of dollars in tax savings every single year.To qualify, you need to:- Must materially participate in their rental activities.- Spend over 750 hours a year in real estate activities.- And more than half of your total working time must be in real estate.It’s not for everyone — and you have to document it properly — but for serious investors, it’s one of the most valuable tax tools out there.Most people think wealth in real estate comes from appreciation and cash flow…But the biggest gains often come from how you use the tax code.Curious — have you or your spouse ever tried to qualify for Real Estate Professional Status?

If your average stay is ≤7 days and you meet the material participation test, you can still treat it as an active business.

@Jorge Vazquez I often get inundated with these types of calls after credit pulls, particularly when opening credit accounts at supply houses for building materials, but less frequently when credit pulls are completed for bank loans.

The placement of the homes met all dimensional requirements, so no refusals were triggered for any dimensional conflicts with the zoning code.

Cost is anywhere from 180-300k depending on the size and materials.

Also, if your short-term rentals qualify under material participation rules, you can still use depreciation benefits to offset W-2 income regardless of whether the property is in an LLC or not.When you own in both states, you don’t necessarily need a separate LLC for each property.