@Vince Nguyen Yes you can absolutely do that, but there are lender specific guidelines you have to meet. 

., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.However determine the Rehab Costs are only a part of analyzing a deal, you also have to focus on determine the After Repair Value of the property in the specific Area/LocationIf you’re focusing on specific markets and ever want to discuss analyzing deals or strategies, feel free to connect, Our firm would love to help you!

I was specifically responding to this: Would I pay for all the remodel expenses and then 50/50 split of profits or does contractor pay remodel cost? 

At a high level it will all come down to the specific piece of land you are looking at.  

Here, we will focus only on a December-specific question: how can I meet material participation if I buy an STR in December?

@Heidi FischerGreat questions for a CPA that knows more details of your specific situation. 

On top of that, I watched Zach and Rick’s videos, which are great resources and completely free.

Specifically, has it changed their tax preparation bill since they can't just send their Quickbooks file over to their CPA?

After the framework is filled out, our acquisitions team will start curating a selection of homes specifically for you to choose from.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?