Careful in IB.....I used to have a business there and learned about good ole IB. it keeps creeping up the social ladder, but IB will always be IB. 

WONDERING also if you do these kinds of things with Back Taxes- we ( my husbands BIZ and I ) are working on consolidating his business loan (bout 20k) from the pandemic days and then this back tax of 28k from his previous divorce days-  both very high in interest- and before we paid our work van off a consolidation program I reached out to was like - uh we can't help you-  anyways Im sure you can find my contact info via BP- my membership will close here soon as I will be back when we're closer to buying our first home- I am focused on building my business and such- Jesi Naomi on Social media - would love to talk- I love this membership - I just need to cut down on costs I haven't been using while getting our finances in order.   

The only way to make Flood Insurance work, is to Socialize it and make everyone with a Mortgage in the US to pay something for Flood.

Before building that last company I took a 5 year break and moved into internet marketing where I started a marketing firm that mostly did social media ad buying (I was the guy that sold out growthcon for Grant Cardone in 2019). 

The amount you can write off phases out if your AGI is above $100K and goes to zero once you hit $150K.If you qualify as a Real Estate Professional Status (REPS) then any passive loss can offset any active income.  

@Darren Maloney If you are obtaining REP status, cost segregation and bonus depreciation could be a great tax savings benefit to you.

Short-term rental loophole and REPS status are the main paths to follow! 

The rules are vague on what "good standing" means, but if you pass the 65 and are in good standing, that is a way to accelerate your accredited status.

I am going to accept my newbie status and ask a silly question.

The agent told me that Tower Hill (the insurance company) can’t adjust the occupancy status and that I’d have to rewrite a new policy for occupancy.