Working with a CPA familiar with both U.S. and international tax rules can help you structure things correctly from the start.Before buying, keep records of your education, research, and travel expenses related to real estate, as many may become deductible once you begin renting.

Alan, I would only take on this project if you have done multiple projects related to renovations already.

You have a relatively lower down payment (3.5% or 5%) compared to investment properties (25% down).

I’m based in Dubai, where I work in international sales and broker relations for one of the region’s fastest-growing developers.

From a tax perspective, the IRS typically allows pre-rental work (like the hours you spent getting the property ready) to count toward material participation if it’s directly related to getting the property ready for rent.

And if you're not sure what the STR fuss is all about, start by reading this post:https://www.biggerpockets.com/forums/51/topics/1122635-the-s...Today, we're discussing a very specific question related to STRs:Can I buy an STR in December and still catch all the tax benefits of the so-called STR loophole?

Absolutely do not pave first and ask forgiveness laterIf he objects afterwards, even years later, you could be forced to remove it or end up in court.

Whether through a phone call or face-to-face conversation, I seek their insights on crime rates and specific property-related concerns.

That’s a great way to start by reading—David Greene and building relations here in BP, which has helped a many in the industry build a strong foundation 👍At a high level, the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) works best when you focus on a few core fundamentals early on:  • Buy right: The deal is made on the purchase price.

So long as the attorney isn't related to you and doesn't employ someone related to you, the chances of a prohibited transaction related to the actual representation is quite low.