If you actively participate and qualify under the STR material participation rules, you may be able to offset W-2 income with those losses, especially if your AGI stays near $100K and you meet the IRS tests.

Fire ratings, STC ratings, sprinkler systems, air barrier testing, and costlier mechanical systems—much of it driven by regulatory changes—are all at all-time highs.

I will tell you I did learn that my initial plan 20 years ago to offer discounts for multiple year leases was backwards.

You didn't really give an ideal of scope/scale as far as if you are talking about one lot for a custom home, or if you are talking about a piece of land for a potential tract of multiple homes. 

You can get multiple off-market deals per month, rehab them with reliable local crews, and flip with solid margins.

Since then:Obligations remain largely unpaid.Payments were sporadic and insufficient to cure default.Required financial documentation was not provided.Repayment explanations changed repeatedly over time.Formal escalation has occurred.I have since learned there are multiple other individuals reporting similar patterns.If you have invested with Stuart Fox or related entities including Fox Financials LLC, Midwest Cap LLC, Penn Buyers LLC, Pixel Marketing LLC, BizLeads, or similar, you may wish to connect with other impacted individuals.If you have had a similar experience and would like to connect or compare notes, please reach out.

Be cautious, the first-time homebuyer IRA exception only avoids the 10% penalty (not income tax) and must clearly apply to your primary residence.If you are buying multiple properties in one package, it can be difficult to properly allocate the IRA funds, and poor structuring could trigger the full early withdrawal penalty.Before proceeding, consider alternative financing or separating the transactions to avoid unnecessary tax consequences.

Because it allows you to sell and reposition your portfolio at any point in time without paying tax on the reposition.If you want to alleviate some of the stress of owning multiple properties, you could do what we call a consolidation exchange.

However, if you're trying to save costs across multiple properties, there are middle-ground options.

The first-year tax savings were a multiple of that fee, which made a real difference in cash flow.