The FHA is more specific in what they want the property to look like and its condition, but it’s typically easiest to qualify for as a first time buyer. 

Lots might have good profit, but when you split those in half, and take some risk into account you can see why we shoot for the best.

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

That would be the easiest start.

Half of all plaintiffs received less than $24,000. 

I'm a local guy who grew up here and a half duplex where I live is between 500-650k. 

In fact, it would be a huge mess to apply it retroactively now, after half of 2023 tax returns have been prepared and filed.

The easiest way to understand why is to ask yourself how mortgage rates have been able to move down by more than 1.5% since late 2023 despite the fact that the Fed never cut rates during that time.The same principle works in reverse as well, as seen during the massive rate spike in early 2022 when mortgage rates moved 1.5% higher before the Fed ever hiked.How about an example from the last time the Fed actually cut rates in a non-emergency scenario?

And half the time I catch something, even with contractors we have been working with for years.

Like anything else, there are pros and cons and focusing on only one side is only half of the picture.