You are currently sitting in Los Angeles's entertainment mecca and Mid Term rentals/30+ day rentals are a great alternative to the STR limitation.

They can claim business overhead expenses, and they must file 1099s.REPS determines whether the resulting losses can be applied against your W2 income or not.

By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.

I am not sure if it was just my market or more on their end but at the end it was a pretty big loss for us, so we cut it. 

I evaluate the market every year especially now that limits are being placed on how much of an increase is allowed in certain areas. 

There is no limit, they do monthly/yearly bonuses and pretty much they make it able to make money to invest in real estate.

If I can afford the financial loss of it not being rented those months (2K mortgage) then maybe it's at least worth trying?

Limited partners usually cannot coattail REP status.

Hi Sushil,The market for a 5+ is limited in DFW.

It's NOT a marketed messaging on pricing alone, it's not on limited or reduced services, because as they know that would kill the business model.