Most midterm rentals (like 1-6 month leases) usually don’t qualify for this, unless the average stay is kept under 30 days and you're really involved in guest services.For MTRs, unless you actually meet those strict requirements or qualify as a full real estate professional for tax purposes, it can be tricky to use rental losses to offset W2 income.

Hello,Banks are becoming more strict with real estate in general.

We are strict on cancellation policy and bookings are great in both markets.

To prevent creating a long- term rental situation where eviction laws come into play.

Spendthrift trusts are not favored in the law.

When a tenant withholds rent due to issues like a missing Certificate of Occupancy (CFO) or code violations, it's important to understand both your rights and theirs, as local laws can play a big role in how this is handled.One of the first things you might consider is consulting with a local landlord-tenant attorney.

unfortunately I fear we will run out of the will to keep the law suit going much longer.best wishes The IRS does however define it regardless of local laws.

It doesn't help that I live in another state.I suspect he's using the law to make my life as difficult as possible.

He signed a 1 yr fixed lease in CO and as per the law he is legally bound.

@Anthony Liguori with how difficult Newark NJ makes it for landlords unless the laws change there are many other options for markets around North Jersey which will produce amazing returns and way less stress for landlord. 500-700k properties in the right area have best shot at hitting 1% rule, even in todays market.