The key is having parent co-signers, clear house rules, and reliable maintenance contacts since turnover and wear could be higher.

The materially participating rule is about STR, your LTR deductions are not affected by how much you participate. 2) Remember, you aren’t creating new deductions, you are simply pulling them forward.

Some basic co-living principles: Choose an area that's B+-C+, check zoning/unrelated persons rules, have lots of parking, decent sized rooms, a decent amount of shared area, rules that ALL abide by, streamline each and every process (several software's do this for co-living), enforce rules and checkin regularly (unless there's a house manager for larger properties), have a professional cleaner do the common areas at least once per month, define everything: processes in the house, who cleans what and when, where they can store their dishes and to clean right away, how conflicts will be dealt with, etc.

Do you understand if you do not underwrite as per the ATR Rules of Dodd Frank and the buyer brings you to court, you could owe a penalty as much as 36 monthly payments, down payment, court costs, and attorneys fees?

.), you won’t be stuck with the passive loss rules that usually block high-income earners from deducting rental losses.

Also, using this approach, if a replacement property falls out of contract, you still have time to get another replacement.You need to be aware of the 95% rules and the 200% exchange rules, especially if you are doing a one-to-many exchange.

To my surprise, I was blacklisted by Zillow for a breach of their non solicitation rules ... needless to say it isn't working out too well ATM lolAny insight or ideas to share to help me get off the ground?

The rules of Bigger Pockets prohibit us from offering you help on this thread, until the moderators move your post into the Classifieds section.

And creating a separate management company does not override zoning rules, occupancy limits, or eviction laws.

@Jeff HudakNon-conforming only means that zoning rules have changed since the building was built or due to its occupancy.