I have never posted before but am really hoping for input from STR owners and CPAs on whether I may qualify for material participation under the STR tax loophole as I am quite sure I do but my CPA says otherwise.Background:Bought STR in 2022 in a popular ski area Put into service late 2023, been a solid performer since; we did the basic cosmetic work ourselves and used trades for major upgradesAverage guest stay under 7 daysLive in tristate area, home is in VTSelf-manage (no property manager), rotate cleaners seasonally and have separate people doing snow removal, hot tub, lawn mowingMy CPA says I can't claim material participation because I don't live in the same state as the property.

Lenders move faster when the exit is obvious and supported by comps, not projections.Clean structureStraightforward ownership, clean title, no exotic entities, and a basic capital stack.

This is basically just acquiring a property and creating a partnership, or LLC, that would be acceptable to your family member.

Plus you cant buy a lot there for basically under 500k so your 500 to 600k before you ever start..

From my experience, long-term security comes from boring basics: strong rent demand, good jobs nearby, and numbers that still work after repairs, vacancy, and management.

The median $/SF has remained in a tight band of $1.16/SF and $1.20/SF for the past 13 months.Rentals - Availability by MonthThe number of homes for rent continues to decrease MoM, which is unusual for the time of year (it usually rises during the fall).Rentals - Median Time to RentMedian days to rent increased moderately MoM, conforming to the seasonal trend.Rentals - Months of SupplyRental inventory increased MoM, now at almost 1.8 months, still a landlord’s market.Sales - Months of SupplySales inventory has remained in a tight band around 2.5 months for the last several months, indicating a consistent seller’s market.Sales - Median $/SF by MonthPrices were basically flat MoM, a bit unusual for the time of year (it usually drops in the fall).Why invest in Las Vegas?

Regardless of what any lawyer could/would/might argue it that the basic result you see with it?

Follow those principles.

It appears to be 250-300 per year for 2 visits where they just basically look at everything.  

@ray reed I'm based right off of Exit 9, basically allows to get anywhere in NJ rather easily.