If your vacation home happens to be located near a major event — like a PGA golf tournament or a big multi-day concert — you may be able to rent the place out for a short period even at high rates and pay zero federal income tax.Tax-smart year-end strategy: The more rental days between now and year-end, the better — as long as they don’t exceed 14 days for the year.Rented more than 14 days with substantial personal useYour vacation home falls into this category if you rent it for more than 14 days during the year and your personal use exceeds the greater of:(1) 14 days or (2) 10% of the rental days.

Traveled the U.S. bringing kids to tournaments, working corners for local professionals, and training alongside athletes I grew up watching on TV and idolizing.

is it really worth losing your tournament life?"    

We host the Arnold Palmer and several other major PGA golf tournaments.

My house stays very full from families taking vacations, Home Football games, fishing tournaments and just people getting away.

I've met a number of them at the local monthly REIA meetings, that's another good thing to do to get your RE investing career up and going.I've probably seen you play at one of the GLI tournaments or the Hockey at the Joe games.

Endless parties, intense ping pong tournaments, and 24/7 football. 

Lat time I was there was for a softball tournament I played in several years ago.

We just hosted a 160+ tournament at Bielenberg.  

I bought it as a personal vacation unit (second home) and it slowly turned into a vacation rental for specific events: golf tournaments at Pebble Beach, Auto Shows and nearby auto racing events.