Hi All - I've seen quite a bit of confusion on the application of the Passive Activity  Loss Rules and Short Term Rentals. 

Good point, I guess I am wondering if you frequently see deals that meet the 1% rule? 

If you have 2 identical properties and the move in costs are rent + deposit, or first month, last month and deposit, most people would take the lesser move in charges. 

America has the 3 enlightenment Pillars that are true Civilization. 1) Rule of Law, 2) Freedom of speech/conscience, and 3) One life One voteThese 3 ideas are the air we breathe and water in which we swim, and give rise to actual and enforceable property rights, which allows for people to safely save, safely invest, safely create, and safely live a full and expressed life.

My rule of thumb is a .5% savings to refi so I'd want to get you at least to 6.250 or lower.

I have a lease addendum that are house rules, specific to the property.

If you don't know about the FEMA 50% Rule, please look into before you buy and try to rehab a home in a flood zone.

Ironically most investors don't slow down to ask themselves that simple question but will prepare a multi tab excel spreadsheet justifying the reason behind purchasing the low barrier home that lacks fundamentals because it meets the 1% rule or is a good BRRRR candidate because that's what they are taught.

I ran the numbers on some properties and they meet well above the 1% rule, but that sort of worries me...

In the listing, the house is a 3 bd / 2 ba so would we count the area we live in as another bedroom/ living space or would I’d using the bedroom rule for taxes, just say we rent out all the rooms, writing off 100% ?