Hey Everyone,I have heard it said on the podcasts before that the reason you are required to live in a house hack for at least a year is because that is how long it would take you to qualify for another mortgage to go buy your next one.

He's someone I already knew, and he does the work for a small rent discount but he's about to move out and I don't think it'll be so easy to find another qualified tenant without losing a month's rent while looking.Before I bought the building, the tenants were all responsible for taking their own cans to the road and they were collectively responsible for keeping the area clean, but they didn't (and I didn't know they didn't.) 

They either do or don't qualify.

(adjust cost basis - net sale = net gain)Once you have that you can deduct state and federal taxes from that figure.It doesn't sound like it in this scenario, but if you have lived in the property for two out of the previous five years you could qualify for the 121 exclusion.

This way, both of you would own the properties together in the same entity, making it easier to qualify for a 1031 exchange when selling and reinvesting.2.

Not true, but don't believe me or anyone else, go find the answer from qualified tax professionals!

The listing is currently visible as ready to be in service, and I've already received three bookings.My question is, will I still qualify for the short-term rental tax benefits or loopholes if I have blocked off dates until September 19th due to these repairs?

So you qualify for both $500K tax free. 

Find out how much you can qualify for and if it's enough.

Hindsight is 20/20 of course but this is advise borrowers to go the conventional route (assuming they can qualify of course) because it is a cheaper loan then FHA with the MIP for life. https://www.bankrate.com/mortgages/remove-fha-mortgage-insur...