Every CPA who is active on this forum, and there're over 20 of us here, is very familiar with STRs.

Rents have also cooled off lately, which lines up with what I’ve been seeing out there.Feels like the market’s resetting as we head into the holidays—more inventory, slower activity, and buyers finally getting some more closing concessions.  

Still learning the ropes of all this but I’m anticipating a move to Dayton Ohio (I’m active duty Air Force so Wright Pat AFB).

Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other types of income.

., the roofers, the fireplace repair crew, and the carpet installers), there were numerous instances when Bildwise and its subcontractors did not complete tasks in a workmanlike manner.

If it’s tied to an active business, most of that can be depreciated or expensed — especially under Section 179 or bonus depreciation.

When we replaced siding, we looked to see if there was any activity, and the side of our bedroom was like Swiss cheese.  

I would love to see the tax opinion from their CPA or any CPA to show how this is not dealer activity as the entire intent as you mentioned is to sell the property and they have it under contract and do not own it.

REPS can still be helpful in cases where you want to avoid net investment income tax, but it isn’t required for STRs to shelter active income.

The lessons have been to numerous to list lol.