It would have been a different story if we were selling at a loss or a very small gain, but we were happy with the profit we made from the sale, and more importantly the experience we gained, so all the time and effort felt worth it to us.

That’s the very simplified version but raising capital is always your biggest limiting factor so the more investors you can connect with the better. 

As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.

No one I know is going anywhere to report their loss so you can research it.

And, they limit the type of people. 

You’ll also find out when you talk to previous landlords.My policy is to never rent to a tenant with an eviction on their record, though some landlords put a time limit on it such as “no evictions in the past five years.”

That is something that is growing due to the limitations of STR.MTR is something that will help you but you will have to be a bit flexible in the times that you are planning to come in.Management is cheaper than STR, but you have to consider other factors such as close to places where those MTR are in need.

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

It is widely recognized as a loss leader within the industry and those who are successful normally have a complimentary business such as a brokerage or a construction company that performs complimentary services.

Consider the family who’ll eventually live there..maybe they’ll appreciate a second-floor deck accessible from a common hallway, where everyone can enjoy it, rather than limiting it to a single bedroom.