I wanted to post a screenshot of the real estate time log we have made available for clients.

Working through an infill lot opportunity in Spartanburg SC with utilities at street, no HOA, and strong new-build comps in the $260k+ range.For those who work with builders or who wholesale land regularly, how do they typically evaluate:• Lot size• Utility availability• Comps• Dirt condition• Entry priceI shared the full situation in my Classifieds post per BP rules.Just trying to understand how builders in that area run their numbers.

I might be looking for the easy button here, but is there an accurate single-source resource for determining property taxes quickly when evaluating properties?

That means more of your cash stays in your business, not the IRS’s pocket.For many buyers in this market the ability to offset income and reinvest tax savings is a major advantage — and it strengthens your underwriting.Since STRs have strong appeal (friends & family groups, weekend escapes, high-end amenities) the sooner you position it as a business, the better your financial outcome.Your Step-By-Step Playbook for Cost SegregationHere’s a practical checklist to make cost segregation work for you in an STR:Buy/underwrite with tax strategy in mind: When you evaluate a property, include cost segregation as part of your operating model (not just nightly rate and occupancy).Engage a cost segregation specialist: You’ll want a qualified provider who understands STRs (they’ll allocate assets into proper shorter lives, document everything).Structure operations for “business” treatment: Track participation (guest communication, property maintenance, marketing) to lean into non-passive income treatment.Conduct the study early: Ideally in the year you take service (purchase or major renovation) so you front‐load benefits.Keep detailed records: Invoices, improvement costs, design/furnishing upgrades, hours spent managing.

Are there any good general guidelines for evaluating the relative attractiveness of an STR for the so-called Loophole strategy to shelter W2 income?   

Learning quickly this is going to be a job.. which doesn't deter the excitement :) One question we are curious about.. as we try to get / stay organized and log our discussions, contacts, deals, people, etc...

That means those “paper losses” from depreciation or cost segregation can actually offset your W-2 or business income instead of just sitting on the books.For our clients, we provide an Excel tracker, guides, and recommend apps like REPSLog to log hours.

I’ve been exploring note investing recently and realized due diligence can be quite different compared to property investing.For those already in this space — what are your key steps when evaluating a note before purchase?

The IRS wants to see that you’re actively directing and managing the business — things like approving budgets, coordinating repairs, analyzing performance, and making operational decisions — not just reviewing reports or responding to occasional updates.So while it’s not impossible, it’s rarely achievable unless you’re very hands-on, even from a distance, and have solid time logs to back it up.If you’re interested, I can share a free REPS tracker that helps you record and organize your hours.

Assuming she’s met the hours requirement with a time log, I don’t see any change in my initial response