If your project incurs losses, they can help determine if those losses offset your other income or if they are carried forward.

Here's what I have so far: Primary host with personal account + co-host(manager, brand account)-Pros: My super host status carries over which will help the new listings get off the ground.

And as of now I've listed myself direct with Zillow and other platforms.I'm now weary as to whether I want to carry on down this journey for the property management.I only have 1 SFH so I don't need much, mostly just wanting to streamline how I communicate and manage the property. drop rentredi asap. 

Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

There are not a plethora of 'home run' STR's that are going to return in 2-3 years but there is significant value and definitely properties that will return 20%+ COC and definitely several dozen that are obvious values in their own right, and will absolutely carry all operating costs. 

He is renting the unit and will carry a bit of debt for a couple years but once he is clear of that he will do very well for himself.Park owners want their empty spaces filled. 

Failure to meet material participation rules will limit rental losses to offsetting passive income or carrying forward.This post does not create a CPA-Client relationship.

I wasn’t prepared to lose so much of my savings as carrying cost basically I paid for the tenants to live there for 3 months + my own living expenses in that time.

This option is ideal for penalty-free investment but comes with added complexity and strict IRS rules.Alternatively, a 60-Day Rollover allows you to withdraw funds and redeposit them into an IRA within 60 days to avoid penalties, though it carries the risk of missing the deadline.

Anyway.. carry on I am sure you will figure out what works..