Or did you run some numbers or have some other set of data you're using to come to the conclusion that Westmoreland County is, in fact, an area conducive to being profitable in house hacking?

Purchase price: $125,000 Cash invested: $25,000 Sale price: $230,000 Bought the property about 4 years ago, originally it was a 2-family rental.

Quote from @Rud Sev: Hi Michael,Thank you, I will message my CPA asking for a more detailed explanation.I've been inquisitive with my CPA, but unless I ask question I do not get explanation (and unfortunately not a walk-through), although I've shown interest understanding this further and further.I'll try to reformulate my question more clearer (and with more data) - the problem that I have and will have is figuring out if my questions and confusion are due to a lack of understanding on my part, or my CPA is truly making mistakes.Regarding carry back, thank you for this info.

Does the original poster have someone who can do that like some of the people he mentioned did?

Originally posted by @Tom Carmody:I’m newer to investing and came across a condo for sale in Florida which apparently is a “condo-hotel.”

While some leases say they will remove all evidence the sign was there and restore to original condition, I doubt that happens in bankruptcy for example. 

In 2021, after completing the BiggerPockets STR course and analyzing market data, we transitioned the property to a fully furnished premium short-term rental after the tenant moved out.

Originally posted by @Chris K.

We currently target deals that fall through and then make a no-contingency cash offer to hold their original closing date.

Here is my current set up:1) ShowMojo for managing the self showing listings (It has some self showing anti-fraud services, syncs with smart lockbox to issues codes, etc etc)2) CodeBox Jr smart lockbox where I have the keys3) ReoLink Go Plus Cellular Camera with a $5 per month T mobile data only sim card.