Hi Malik,They are not passive losses since I do meet the requirements related to the STR "loophole".

Underwriters are now overly trained to see when a person is trying to use a loophole or take advantage of the system.

There is another “loophole” redemption period - this is from a court ruling regarding when an owner can redeem even when they do not meet the statutory requirements for the nine month redemption period.As to purchasing title insurance for a property purchased at sheriff sale, some people say to do so, others say don’t bother.

Hey Vikrant, Your STR wouldnt count for the STR loophole since its your primary residence, but the good news is the book keeping and tax situation would not be super complicated.

Are there any loopholes for guests to stay for more than 30 days (can they start a new booking?)

.- Let's assume the total cost of construction is 200K (or 150K if it's a manufactured/mobile home).My Question would thus be- Can the STR tax loophole strategy allow me to offset 60% of the 200K amount that I paid towards construction of the home, (or 60% of 150K if it's a Manufactured home)Any success stories with this kind of approach?  

We have two years from date of death to take advantage of this loophole. 

If you are in an FHA loan and you want to buy another home using FHA you would need to refinance before getting another FHA loan regardless.If you have any questions feel free to send me an email I enjoy helping and offering loopholes.

Given the complexity and potential tax-saving opportunities in real estate, it's wise to consider hiring a CPA with expertise in this field.Many clients who work with non-specialists find that their non-real estate preparers lack the specific knowledge to help them minimize taxes through strategies like depreciation, the de minimis safe harbor, partial asset dispositions, 1031 exchanges, navigating real estate professional status, the short-term rental loophole, and more.If you are looking to qualify as a real estate professional, use the short-term rental strategy, or complete a 1031 exchange, I would without a doubt recommend working with a real estate CPA.

ESA puppy my ***, something needs to be done about this ESA loophole/ online ESA letter scam IMO.