Did you know that Canadian investors who own U.S. property for over 183 days in a year may be considered a U.S. resident for tax purposes under the “Substantial Presence Test?”

You need to start thinking a little more thoroughly, and be able to articulate, and test, your assumptions.

Is anyone aware of a good data sheet that provides some basis for OpEx?

I'll test it out.

Hey everyone, I’m working on a platform concept called RentKeep that focuses on providing property intelligence to help property managers make data-driven decisions to increase their NOI.

What data do you gather and what tools do you use to optimize this process?

The HML as you know never leave their office.. they collect data just like a bank does order the appraisal and all that jazz we dont do any of it.. we will run criminal though we dont want to be funding any bad actors or dead beats.

Some cliff notes:REP status requires 750 hours in real estate activities, and then after you hit that, the test is materially participating in your rental activities.If it is a short term rental with less than a 7 day rental period, if you materially participate, which could include at least 100 hours and that is more than anyone else, then yes possibly can use the bonus depreciation against other sources of non-passive income. 

I'm not in your market area, but if I was, I would be using you as my top data resource go-to guy. 

Look for demographic data on demand through data providers like Transparent and accentuate pieces of your property that relate to the highest demand demographics.