(biggerpockets.com)Real Estate Professional Status (REPS)Qualifying for real estate professional status can be a game changing tax strategy resulting in significant tax savings especially when utilized with cost segregation studies and accelerated depreciation.

I am new to the game, but do homebuilders consider buying distressed properties, tearing down and rebuilding?

Hi David,It is pretty easy to do your taxes yourself with one of the popular software like TurboTax or H&R.

What's your strategy when you run into guests who are trying to game the system? 

I create my own checks (which I have software for) when I need them.

You can invite as many people as you wish to access the software both on their laptops and on their smartphones. 

I've heard they can be done through software?

But as a short-term solution, playing the 0% credit card game can be an option, but from my experience, juggling from one to the next with no backup plan often ends in paying high interest in the long run.

Our Lake House is close to Clemson and we have all the home game weekends sold out at our Lake House for top dollar, same as every year.

With a 0.65 (1st yr) & 3.5 (2-5 yrs) rate I can accelerate payments to stay ahead of the game.