Remember, when it comes to taxes, thoroughness and compliance are your best defenses against IRS scrutiny.No matter what tax advice you receive, remember that the devil is in the details, and the IRS will scrutinize your claims closely.

It's been great in years past, however, due to saturation and stricter registration/compliance requirements, bookings have really dried up here and many are converting to longer-term rentals. 

If you try shaming him into compliance, you will only make it worse.Let him move out.

If the conversion of use doesn’t trigger any depreciation recapture or other negatives, then I could theoretically: buy a home, rent it as an STR for one year, claim all my bonus depreciation to offset W2 income, and then covert it to an LTR year 2.

The firm is fine with agents running their business freely as long as you stay within compliance with DORA. 

Mike - I have been looking in Allentown, but havent pulled the trigger on anything here (although I do have properties in Easton).

Make sure you put money in your budget for a few trips before pulling the trigger.

Creating an automated system for tenant screening, background checks, and lease document generation could save investors valuable time and ensure compliance with legal requirements.

The easiest way to start investing in real estate is househack which I was planning on for a while before pulling a trigger.

The easiest way to start investing in real estate is househack which I was planning on for a while before pulling a trigger.