Your CPA should be able to guide you how to categorize all your expenses so that you can do it correctly yourself.https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#:~:text=The%20de%20minimis%20safe%20harbor%20election%20eliminates%20the%20burden%20of,is%20properly%20deductible%20or%20capitalizable.

Problem is that European countries like Portugal and Spain are following (or preceding) the negative STR regulations that you find in more and more places in North America.

I've been hitting that market too, but there are a lot of regulations about attorneys doing business with clients so I have to be careful about that. 3.

By your logic any law regulating commerce would be valid… that’s not how it works. 

The only time the market ever crashed in Miami seriously was because there was mortgage fraud going on and then the mortgage industry was regulated.

If they enact STR regulations might be an issue.

According to Attorney Cathy Lucrezi, "So, in addition to being a property manager, you become a "CRA" - subject to all the laws, regulations, and liabilities as Equifax.

Hi everyone,I’m reaching out to see if anyone has experience dealing with local regulations that seem to overstep property ownership rights.

@Mark Wright, I really appreciate the sensible input and agree that regulations and restrictions are needed, but hope that the town works with local owners to accomplish their goals and don't just push them out.

Make sure you’re approachable and responsive to tenant concerns to foster a good landlord-tenant relationship.Legal and Compliance Issues: Familiarize yourself with local landlord-tenant laws and ensure that you’re compliant with all regulations.