Spending more than 100 hours and more than anyone else, or substantially all the time in the business.So if you own an STR and meet the test, you can set up a tax deduction machine.Some issues -- You have to count your time, and the time other people work in the biz (cleaning, maintenance, etc..)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.

What are some creative revenue generating strategies that you all have explored?

During this time you are not generating any return from the money invested in the ADU.

Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that. 

hi all, thank you so much for point it out, I apreciate your all respond. i hear your all.I just learn that there is no super, just a guy to clean and take out the garbage for a fee, is a 18 unit condo. that we outsource to a hoa to be in charge. so i reach out to hoa pretending i am the apartment that has leak, ask for advice, her respond is the following:you will need to hire a plumber or handy man to figure out the leak.

Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)

We have expansive soils here (clay that expands when it gets wet) as well as some older cast iron lines and even some orangeburg so it's common to see sewer line issues (often just some tree roots that need to be cleaned then the line re-scoped).

It’s simple.The real challenge lies in lead generation.Specifically, in generating motivated seller leads.To succeed, you need to focus on being found by motivated sellers.

It’s a popular way for new investors to dip their toes into real estate because it allows you to generate rental income while reducing or even eliminating your monthly mortgage payment.While house hacking can be done with single-family homes (by renting out rooms), multifamily properties, such as duplexes, triplexes, and fourplexes, take the concept to the next level.

., 50% occupancy, $1,000/month net) and factor in cleaning, platform fees, and utilities.