I frequently encounter misconceptions about DSCR loans and I suppose that I get a little passionate about the topic. :-)

It's a common misconception that you need an LLC or other entity to write off expenses related to rental properties.

I'm simply correcting misconceptions and incorrect information (as usual).

For us, I think the change in the withholdings rules made it so that our employers somehow under-collected tax...our income also jumped up a lot due to unexpected bonuses so it was a bad combo for this new tax code :(There is a major misconception here.

There is a misconception that the Series LLC is a new entity.

Affordable housing has its role in community development; however, most people have a complete misconception of what it means to be a landlord.    

@Dan Klao An important thing to keep in mind is that people use STR's for a lot of reasons, not just vacations so you don't neccessarily have to be around tourist attractions which is a common misconception.

So if you lived there for 1 year and meet the unforeseen circumstances test - then you can deduct up to $125k instead of up to $250k (double if married) - but it can still be 100% of your gain.Micheal, I have seen this misconception a lot.

@Tim Watcke This is a common misconception.

There is a lot of misconception over it.