Hi @Kenneth P Ford,I noticed there were a lot of responses of “messages you” so I’m not sure if that is solicitation, but in effort to help you and other reading this - I’ll share experiences from friends in the Dayton market.

If you can have a preexisting purpose for the land that will add value or for resale.7.  

Quick response and a fair cash-for-keys offer is still the fastest and least expensive way to get someone out who isn't paying.

I recall asking if the 18/SQ ft was part of that 200k investment - the response was "Oh, you'll see all the costs broken out.

Fast forward to today and one of those existing STR's has become a nuisance to the neighborhood and so the HOA board is planning to ban all STR's using what they believe are provisions in the CC&Rs to justify it and have consulted an attorney to validate the legal standing on implementing this ban.The CC&Rs were written in 1998 (before STR's was even a thing) and have these sections being cited by a couple members of the board as justification for banning the rentals (note there is not anything explicit about STR's in the documents)Section 1 – Single Family Residential – states in part, “… Lots… shall be used for no purpose other than residential purposes.”

Kuddos to @Katie Smith response. 

Thanks for your response Tim.

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

You'll have to decide if this is a big enough issue to justify finding a new PM.As an aside, you may find a contractor that can do work cheaper, but will they be as responsive?

(though excuse my long response 🙂) 1.