You do not want to lie on an application, that is mortgage fraud.

You can use some of that Salsa dancing and spanish to help you get more info from locals and professionals lol :)

Hello all,Has anyone sold a short term rental owned over a year  as a non real estate professional that qualified as short term capital gains tax deductions with expenses and depreciation?

I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

Once you find someone willing to let you shadow them, approach it with professionalism and a willingness to learn.

Any guidance from experienced investors, real estate professionals, or anyone who has faced a similar situation would be greatly appreciated. 

Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.

These are professionals with additional training and a stricter code of ethics.

Many are focusing on placing long-term residents in properties to pay down the mortgage while leveraging a professional team for hands-free management.

Licenses are typically required if you plan to work in a professional real estate role, like as an agent or broker.