However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

You aren't going to find perfect.

those $125K properties look good on paper but aren't going to get you anywhere.Great point.

The media keep saying fed cutting rates is great for mortgages is completely misguided.I am just wondering how this trickles into equities, because now margin is getting cheaper and we Q3 earnings aren't as bad as some, like me, suspected.

I didn't realize this.I know you aren't on the lending side per say, but follow up question.If I have two buildings in my name with total debt of $900k and I am looking to refinance one of them that has $500k debt, would the 45% DTI be based on the total debt ($900k)?

I’ve operated MTRs in several markets and generally speaking amenities aren’t that important for MTR guests.

This is not because they aren’t legit; some are and some aren’t, but because they do not guarantee the deal will be funded.

And there are syndicators out there that have long, strong track records, that spend more time operating than marketing, that aren't selling their guru courses and the syndications are just social proof as to why you should spend $30k on their course.But the flip side of this risk is time.  

You can't hold them accountable to the terms if they aren't on the lease.I would remove all of them from the rental and start fresh.

Well, in that 12 years, your tenants will have paid down about $35,000 in principal (aren't amortization schedules depressing?)