What did you say in response to that? 

This log will be invaluable in case of an audit.3.Grouping PropertiesWhile I’m not an expert in international tax law, my understanding is that you can group all your properties together for material participation purposes.

Every license comes with its own responsibilities, fees, and obligations—like insurance, NAR dues, and other costs—so it’s important to think carefully about your goals before jumping in.I have to respectfully disagree with Erik.

I have spoken to PPR and they have been very responsive and great to talk with.

There are only a hand-full of people who would even be willing to take on a job/responsibility like that.

I wrote the above for informational purposes.

I really love Baselane’s features and have always found them to be responsive and considerate.

Here's the basics:1) The IRS wants to tax your worldwide income.2) In 2014 the IRS wrote that "For federal tax purposes, virtual currency is treated as property."3) Because of this, it receives capital gains treatment.Since most of you around here understand capital gains, I won't bore you with the details.

Does anyone have experience purchasing a 5+ unit multi-family building for the sole purpose of operating it as a short term rental?

I have just divided fuel on 12 units to separate meters and told my tenants they are responsible for the fuel accounts only to find out that 2 of the 12 have had their credit decrease since renting and the fuel company won’t do business with them.