And instead of 53208 I'd look at West Allis or Wauwatosa, maybe even at the higher priced Shorewood, Menomonee Falls or Brookfield.

You can use up to $25k a year of those passive activity losses if you are actively participating in your real estate ventures ("small landlord" exception) and income stays under $100k a year.So yes it can be useful if someone happens to fall under these circumstances, but for anyone who is going to have over $100k a year of retirement / other sourced income, they may be out of luck.It's all timing - you are just using up those PAL earlier than if you waited for the rentals to start producing taxable income (they normally do if it is a good investment), or a property is sold and PAL are released to offset that income. 

A good GC should be doing this, but if they are not detail oriented, it may fall on the customer to make sure the details are there.It's so important to be ultra specific when writing a Scope Of Work and Contract for a construction project - of any size, even a small job can go south without the specifics being spelled out clearly. 

The building is located downtown of a touristy/beach town.Here's some details about the numbers/location/property:- $50-70k per unit estimated revenue for STR (majority is from 4 month peak season in summer/early fall).

Unit count is usually an ego driven measure many investors fall into.

Gen Z may be leading a revival in the trades. 1) In an aging population, the median age of electricians, mechanics, and plumbers is falling. 2) Vocational school enrollment is growing faster than at 4-year colleges.More young folks are considering the trades as a career.

The secondary major real estate portals typically fall into the few minutes to a day or two to update - they're normally faster to pick up a new listing but can be slower to get updates to an existing listing.So - flat fee listings are typically limited service listings where the broker is just your onramp to get your listing into MLS and doesn't provide much beyond the required minimum after that - everything else is an upcharge/upsell - the one big ticket item I think every listing should have is a Supra lockbox just for security.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

You're putting the roof over your head on the line if anything falls through, so of course there is some risk with that option.

I often do site visits to the property and then design/draw the hvac/plumbing systems for the building.From what I gather below the following would all fall under "real property trades":"The statute lists 11 types of real property trades or businesses: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, "I believe that my line of work can be classified under "real property development", "construction", "conversion".