You would have to meet REPS (real estate professional status) to turn your MTR to non-passive to offset other non-passive income.If the average stay per guest is 7 days or less, then we're talking about the STR tax strategy, and therefore REPS requirements would not be necessary.

But one thing that often gets overlooked is that you can get deeper deal analysis at no cost by leveraging a mortgage broker or lending professional as part of your evaluation process.A good broker already has access to the paid software stack most investors do not want to spend money on, including credit risk systems, property data tools, pricing engines, portfolio-level underwriting, rental tolerance models, DSCR assessments, and more.

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With proper planning, it can be a very effective approach.Having a tax professional who truly understands real estate can make a big difference — especially as your portfolio expands.

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Readers are advised to seek professional advice.

(For section 121 exclusion)Good luck and seek professional advice when 10s of thousands of dollars of taxes are at stake.