Outdoor spaces like a deck or patio can also boost value.

While rental income is indeed considered passive under IRC §469, that doesn't prevent you from claiming a home office deduction if you meet the requirements.What You Need to Qualify: 📋A dedicated space used exclusively for managing your rentalsRegular and substantial management activitiesThis must be your principal place for conducting these activitiesThe Legal Foundation: ⚖️The Tax Court in Curphey v.

For example, I've had a couple of 3+ bedrooms sit for a longer period of time because they only had one parking space available (and no on-street options nearby).

To market your vacation rental on autopilot, you need:✔️ Scroll-Stopping Design – Your space should stand out instantly and reflect your guest's needs.✔️ Unique Amenities & Experiences – Raving reviews happen when guests feel like they got something they couldn’t find anywhere else.✔️ A Tailor-Made Stay – When guests feel like your property was designed specifically for them, they won’t just leave a raving review—they’ll be grateful to pay higher nightly rates for that experience.Your STR isn't just a stay, it's an experience. 

It's why we partnered with them to ensure our BiggerPockets audience has access to the top companies in the space.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

Big dogs need big homes and big spaces. 2 cats is fine. 3. $500 refundable pet deposit.

.🚀 Making It Work1️⃣ Optimize Your Space – Converting a living room or office into an extra bedroom can supercharge returns.2️⃣ Target the Right Tenants – Young professionals, digital nomads, and students love co-living setups.3️⃣ Automate the Management – Using systems for roommate screening, lease agreements, and shared expenses makes it passive.Co-living is gaining serious traction in house hacking circles, and I’d love to hear from others who are using this model.

There’s so much to learn in this space, and one of the best parts is exchanging ideas and experiences with fellow investors.Looking forward to seeing your insights and discussions here!

@Jonathan LudizacaFrom a lender's perspective, starting in 1-4 units gives you experience and many more lenders will be open to first time flippers in this space versus multifamily.