Is your other business a Real Estate venture also?

I intend to gradually develop the park by acquiring used mobile homes for around $10,000 each, relocating them to the site, and performing minor renovations.To make the venture sustainable, I'm considering implementing a rent-to-own model, with the ultimate goal of transitioning to a Tenant Owned Homes (TOHs) setup with $300 lot rent.

For purposes of this paragraph (e)(3), an activity involving the use of tangible property is not a rental activity for a taxable year if for such taxable year—(A) The average period of customer use for such property is seven days or less;(B) The average period of customer use for such property is 30 days or less, and significant personal services (within the meaning of paragraph (e)(3)(iv) of this section) are provided by or on behalf of the owner of the property in connection with making the property available for use by customers;(C) Extraordinary personal services (within the meaning of paragraph (e)(3)(v) of this section) are provided by or on behalf of the owner of the property in connection with making such property available for use by customers (without regard to the average period of customer use);(D) The rental of such property is treated as incidental to a nonrental activity of the taxpayer under paragraph (e)(3)(vi) of this section;(E) The taxpayer customarily makes the property available during defined business hours for nonexclusive use by various customers; or(F) The provision of the property for use in an activity conducted by a partnership, S corporation, or joint venture in which the taxpayer owns an interest is not a rental activity under paragraph (e)(3)(vii) of this section.

For someone starting out in fix and flips, what are some things to look for in choosing the right accountant/cpa to start a house flipping venture?

We found the home on zillow, called the realtor, walked the property, put in an offer, it got accepted, so we packed up and moved our family from CA to TX to start this new venture.

It puzzles me why people talk this way, or have to make everything a process based venture.

From duplexes to Airbnb ventures and fix-and-flips, you've accomplished a lot in a short time.

A waste of time and energy - I have zero interest in competing with the Amazon of vacation rental search sites.Now I will state this:  If Airbnb was my only option, I would probably just close shop and focus on my other ventures.

one email address for all of your RE ventures is totally fine!

Let's share knowledge, explore joint ventures, or simply discuss the future of real estate.Let's Connect:Whether you're interested in AI, keen on sustainable investing, or looking for innovative real estate strategies, I'm here to add value.