This approach allowed us to manage renovation costs effectively while ensuring a smooth transaction process.

Account ClosedThe challenge for any PMC is trying to keep ALL their owners happy - despite owners having various approaches to maintenance ranging from:1) Slumlord2) Over-improving like they will live thereOur best approach to all this is to, "Maintain to the Neighborhood". 

Why this approach?

I'm in urgent need of some guidance on the best way to approach this matter before pursuing litigation. 

I don't think it's the best approach to chase "hot markets" far away if someone is not willing to take on significant risk.

.- Let's assume the total cost of construction is 200K (or 150K if it's a manufactured/mobile home).My Question would thus be- Can the STR tax loophole strategy allow me to offset 60% of the 200K amount that I paid towards construction of the home, (or 60% of 150K if it's a Manufactured home)Any success stories with this kind of approach?  

I’d recommend chatting with your accountant to see if it’s worth doing, and they can point you in the right direction for the best approach.

That’s a great approach—sometimes slow and steady is the best way to go, especially when it comes to managing costs and avoiding unnecessary debt.

Is this best approach? 

I got sold on the no money down approach back almost 10 years ago when I first started looking at REI.