I also keep a buffer for labor/material fluctuations and unexpected rehab surprises.

You would need 750 hours and more than half your time (this could be you and your spouse).additionally, you would need to materially participate in your rentals.

The main point still stands, though: if you qualify as a REP or materially participate in STRs, those deductions can be powerful.

Active participation isn’t the same as material participation (defined later).

These committees will comment on everything from color and material selection to landscaping choices, sign placement, awnings, etc.

If you’re pricing a build for yourself, it’s worth reaching out to a couple of local builders for estimates since they can break down labor and material costs specific to your lot and design.

Can you break this into parts and labor so I can shop the building materials?""

A couple of investors I know stress the importance of locking in material costs early and keeping a close eye on timelines, since delays eat into your financing.Since I also work with a lending company, I see a lot of people scaling through new builds, and it’s a strategy that works well if you’re disciplined.

Creative design work and quality maintenance free materials for STR use and cleaning What was the outcome?

AI a response then let the conversation begin.Monetize- after day 3 of a post reference paid for material or advertised material.