I'm using the software Avail to collect rent from my other unit, as well as to mass market my available unit to about 20 different websites.

While I am excited to get my feet wet so to speak, I am looking to see what feedback I can get regarding both options from the collective wisdom on these forums.

I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!

I'm not too familiar with your market, but i was in a similar situation in the DC metro and pivoted from renting/leasing to rent-to-own (lease option).i got the place occupied in no time with above market rent, passed on any trivial repairs to the tenants, and collected a significant option fee.The option fee is magical!

I have a rental in a new rural development that does not have city garbage pickup. Most neighbors just use local dumpster providers, is it my responsibility to pay for the dumpster? Should the tenant arrange for it an...

Class D neighborhoods pencil out great if you don’t know what you’re doing and don’t mind packing a gun when you go to collect rent every two weeks.So here’s a tip: never invest in a place where you wouldn’t want to live.

The other option is collections or court, but collections will take a large % of the debt and court takes a lot of time and money. 

I've been watching the appreciation and collecting rent ever since.  

I had to fix damages and clean extensively after she left.

Does any one have a collection agency in the Connecticut area for rent collections.