I hope you help your client with this bc in a way, you helped them get into this mess.

For STRs, material participation rules apply, and STR income is treated as non-passive, allowing losses to offset active income.This post does not create a CPA-Client relationship.

That’s a game-changer when it comes to flipping profits.Your scenario reminds me of a client I worked with in San Diego who flipped a condo after living there for a couple of years.

But I still have to recommend that clients get an inspection of course.

We've had clients over the years who love Bronzeville & Hyde Park and have purchased large buildings with condo quality finishes or updated the buildings & are cash flowing while living in the building.

Are you an agent paying a bird-dog fee to a lender for sending you clients or vice versa?

Had clients use them, and they claimed the process was way too tough of pulling funds. 

Quote from @Wilson Lau: Hi @Arron Paulino, I am working with a client now looking at the Contra Costa County (Pinole, San Pablo, Brentwood) and happy to share with you some insights in DM.

This post does not create a CPA-Client relationship.

We just helped 2 clients build and rent their ADUs Highland Park: 2 bedroom 2 bath (840 sq ft) for $3k per month Pasadena: 400 sq ft garage conversion : $2,200 per month.