It’s adapting.Learning new skills.

Passing on deals has been one of the hardest skills to develop.Early on, everything looks like an opportunity.

Qualified for the Short-Term Rental Loophole?

Quote from @Jihea Moon: Curious how other agents handle this.Lately I’ve had more first calls where I realize 10–15 minutes in that the lead:- isn’t clear if it’s investment vs primary- has no real budget yet- or is just “exploring”Do you:- pre-qualify via email/form?

To make the STR “active loss” strategy compliant, you generally need the property to qualify as an STR (often avg stay ≤ 7 days) and you must materially participate, which is where most scrutiny happens.

I’m happy to provide some general information, but please note this is not tax advice — you should confirm everything with a qualified CPA or tax professional.Regarding cost segregation studies: typically, they are used to accelerate depreciation for properties used for business or income-producing purposes, such as a short-term rental (STR).

Meanwhile, my focus has been on the acquisition side—purchasing single-family residential properties for cash, often in various states of disrepair, and facilitating their transfer to qualified rehabilitators or executing strategic exits that benefit all parties involved.I suspect our respective skill sets could complement each other well.

Alternative path B; go to local college and get a skilled labor degree: Electrician etc..

@David HansonIf your goal is to buy 2-4 unit properties, it would be more beneficial for you to get a W2 job since that makes it easier to qualify for financing rather than being commission only/1099. 

Deals like this usually work because of purchase basis, demand pocket, and buyer liquidity, not because flips are “fast.”The real skill isn’t speed.