Here’s a quick breakdown based on my experience:Building new construction gives you full control over the design and materials, allowing you to incorporate the latest energy-efficient systems.

These items also have a service life, so It would be intelligent to learn about the different systems features and options that are available to you, perhaps on the Internet.

I hold two properties in an LLC, one property is currently a STR with less than 7 night rental on average and I provide hotel-like hospitality services and materially participate.

There are some opportunities (potentially) developing in the Sunbelt with a steady increase of inventory over the past few months, but we still have yet to see prices drop materially. 

We always choose low maintenance materials for rehab in our class C/B properties.

Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.

There is no monthly fee, and no Wi-Fi required, and you can still generate codes remotely.Let me clarify, because the "Wi-Fi not required" thing can generate a lot of questions.Summary: You do NOT need to be connected TO THE LOCK via the Internet.The lock does not need to connect to the Internet at all.

However, the flooring was just into the beginning stages of depreciation.In 2019 I did some rehabbing and replaced all flooring with waterproof LVP throughout having paid about $3586 for materials and installation.

We've issued non renewal notices at times when rents were materially lower than market.

The following year would be considered passive, so even if you materially participated, it would still be passive the following year and you cannot offset your W2.Is this accurate?