To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.

Potential for Permit Revocation: Non-compliance with noise ordinances, occupancy limits, or HOT reporting can result in permit revocation.

AB1482 states that "single-family homes/condos (residential real property that is alienable separate from the title to any other dwelling unit) are exempt from AB 1482 if (1) the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation and (2) the owner provides the tenant with a written notice of the exemption"The part that is confusing is "...a corporation, or a limited liability company in which at least one member is a corporation."

It's like you're listing your house for limited service $200-500-700 on MLS.

Acclimating for at least the manufacturer's recommended time period, temperature and humidity prior to installation is key, as well as keeping the subfloor at the recommended temperature during install and after, sanding down any high spots/leveling the subfloor as much as possible (less than 1/8 in. over. few feet is ideal), leaving a 1/4" gap against the walls for expansion, and limiting the number of heavy objects placed on the floor in one area can help reduce gaps forming after install.

We have SFR, some limited number of townhomes and condos, and large apartment complexes. 4 plexes are pretty rare here except in the older central part of the city.

Your best bet is to ensure that there are no material modifications that would in any way harm or even moderately delay the ability to rent it out and qualify as a normal SFR (one lease, one family) or sell on the market to an owner-occupant

Section 179 of the Internal Revenue Code allows businesses to deduct the full purchase price of qualifying equipment and software up to an annual limit.In 2024, for example, taxpayers can expense up to $1,220,000 of qualified assets.This election can apply to many types of tangible personal property, such as machinery, equipment, and off-the-shelf software, which are used predominantly in your business.Limits on Section 179 ExpensingAs attractive as Section 179 may seem, there are limits.For tax year 2024, the maximum investment limit is set at $3,050,000.If your business places more than this amount in service, the amount you can expense is reduced dollar-for-dollar over this threshold.In addition to the dollar and investment limits, the amount of your Section 179 deduction cannot exceed your taxable business income for the year.This means that even if your business invests heavily in qualified property, the deduction could be limited by the business’s profitability.Also, not all property qualifies for Section 179.Real property, like buildings and structural components, generally does not qualify unless it is "qualified improvement property."

If you're maxing out the 180-day limit on Airbnb in San Jose, switching to MTR for stays over 30 days is a good way to keep your place booked without hitting any restrictions.

Tenants (like most people) often budget to the limit of their income.