Since it’s so close to the end of the year, I’m wondering if anyone else has had success with the STR loophole requirements and material participation when acquiring a property with only two months left in the year?

This may be challenging with both of you in full-time W2 jobs, but worth considering if one of you can transition to real estate part-time.Alternatively, the Short-Term Rental (STR) loophole offers another path.

*I am not a CPA, tax professional or a lawyer*I cannot give legal advice, so all of my advice is illegal advice.As far as I know, section 469 of the tax code is what allows for the "STR loophole". 

On the tax side, I would encourage you to partner with a knowledgeable real estate CPA who can guide you through the transaction to ensure you can meet the qualifications of the STR loophole.

Ali,If you want to learn some of the tips and loopholes on the finance or banking side feel free to reach out or send me an email. 

We even estimate your projected tax savings via the "short-term loophole" and provide branded property management reports and airbnb arbitrage analysis.Personally, I recommend looking at as many data sources as possible and once you're confident with that number plugging it into BNBCalc and sharing the reports with your colleagues / business partners to get their feedback on your investment analysis.

I enjoy helping new investors avoid common pitfalls and use loopholes to build their REI portfolio.

Hoping Orlando travel will pick up next year with new parks opening(EPIC universe).AirDNA data shows that few properties have done 80k-90k in the area with theming.It all sounded convincing untill i see loopholes in my own plan. 

Assuming you don’t meet the 500 hour test, you will likely need to document the time of others spent working on your property.In addition, you need to have guests at your property as well.Until you are 100% sure you can utilize the short term rental loophole, I’d wait to do the cost segregation study.

I've had a couple tenants use this loophole to either avoid pet rent/deposits, or to get a pet into a no pets building.