Maybe I can come up with a solution tailored more to what you need.

I'd love to work with fellow investors while providing a custom tailored inspection service.

With its scalable and flexible platform, it could be a great option for your private lending business.Juniper Square: Juniper Square is specifically tailored to real estate investment management, so it might be a perfect fit for your private lending business.

Here are some pros and cons to consider for each option:One Time Construction Loan:Pros:Typically requires a lower interest rate than other types of loans.The loan can be tailored to meet your specific needs for the construction process.The loan is often dispersed in stages to help manage cash flow during the construction process.Cons:You will need to have a good credit score in order to be approved for a construction loan.If the construction process takes longer than anticipated, you may need to extend the loan or get an additional loan to complete the project.Borrowing from 401K:Pros:There is no credit check required to borrow from your own 401K.The interest rate is often lower compared to a traditional loan.Cons:You will be taking money out of your retirement funds, which may hamper your future savings.There may be fees or repayment penalties for early withdrawals.Selling Stocks:Pros:Selling stocks can provide a quick source of cash.Cons:There may be capital gains taxes when you sell stocks.Selling stocks may not provide enough cash to cover the cost of construction.Pulling out Equity from Rental Properties:Pros:If you have enough equity in your rental properties, this can provide a good source of cash.Cons:Depending on the equity you pull out, you may have higher monthly mortgage payments for your rental properties.Pulling out equity from rental properties may not provide enough cash to cover the cost of construction.Overall, it is important to carefully consider each option and to consult with a financial advisor to determine the best course of action for your individual situation.

That way, you'll get the best advice tailored to your situation.Here's a link to a helpful article that explains more about how rental properties are taxed at the federal and state level: https://www.fool.com/millionacres/taxes/real-estate-101/how-rental-properties-are-taxed/Now, just to make sure I'm understanding your situation correctly, are you looking to offset income specifically for state tax purposes, or mainly for federal tax purposes?

One thing I've realized as that I move from 10-20 units to 50+ units the questions I ask need to be tailored a little different. 

It is totally legal but like all tax strategy, it must be tailored to your specific situation so it may or may not be the right strategy depending on your situation and exit strategy.For smaller properties, the quasi correct method described by Paul Caputo is fine assuming you document it correctly and consult with a CPA to make sure it makes sense for your situation and goals.Hope that helps!

Steve H.Pros: Used by insurance adjusters Cons:Expensive and tailored for insurance industry Cost: Webpage for cost is down.Freedomsoft – CRM software used for lead generation “My subscription still works, not sure if they (Preston & Co) have made any major updates in the past 2 years.

I prefer it since you can tailor your analysis. 

The concept would be 5 star AirBnB like amenities tailored specifically to the RR market.