It tends to be much easier to raise money and oversee the property with passive investors whose only role is to write you a check than with active ones who will manage the property with you and expect decisions to be made by consensus.

., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195 (Start up amortization).Court case for reference: Code Sec(s): 162; 195Docket: Dkt No. 30077-07.Date Issued: 04/30/2009Judge: Opinion by Gustafson, J.Tax Year(s): Year 2004.Disposition: Decision for Commissioner.

Im going to keep the house at least 5-7years I think that's the right decision!

Good luck with your decision, and feel free to ask more questions!

Zoning Ordinances are often not ‘black and white’ and municipalities will protect themselves or be persuaded by the public when making decisions. 

@James Wise funny enough I got the same impression from you based on your post, that's why I commented because it couldn't be more incorrect based upon my experience.I will say yikes, you must be pretty insecure if you felt the need to say that about my own experiences that you have no knowledge of in states that you're not familiar with. 

So, you while many unexpected repairs are not avoidable, if you know where the flexibilities in your project are you can manage the project to completion by making these sorts of decisions along the way. 

Short-term rental data specialist Mashvisor released its list of Best 100 Cities for Airbnb Rental Income and considered some key metrics in its decision-making.

Focuses on the ability to service debt, making it a key factor in financing decisions.

It usually takes a bit of time to feel confident in your decision-making.