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.

As e-commerce competition intensifies, Philadelphia-area malls are turning to experience-focused retailers to draw shoppers back.

Thanks, Savannah.I appreciate the offer and will definitely use it as I work my way through the information and calculators on the BP web site.

Instead, you’ll report it as lower rental income on your Schedule E.

Quote from @Victoria E.: @Roi Azoulay did you use a lender?

@Lynnette E.

The most basic step is to ensure that our form is in a highly visible, easy-to-access location where visitors can simply fill in their name, email, phone number, and property address.It’s honestly ridiculous that the BBB accreditation is ABOVE the form where the lead should input their details for your acquisition agent to contact them!

@V.G JasonYep must have been threatened to be sued or this person has no experience and just jumped the gun and got nervous because they sent one email that didn’t get responded to and never picked up a phoneI am still confused as to why is someone giving someone $30k for work BEFORE you close on the house.

To my surprise, I can count on two hands how many times a seller/agent has actually called/emailed me to verify the POF.Often, one can obtain a letter from their bank stating the account holder's name, the date, current balance, etc... and that should be more than enough to meet anyone's requests. 

@Angel Peng you can go the DBA route and use it to open a business bank account where tenants can make payments.You will need an actual mailing address though, not just a PO Box.