Mortgage rates will be back down it's not "if" it's a "When" and that is very soon keep in mind the rates took a dramatic drop end of December into the first 2 weeks of January but it was too short of a window for the media or general public to notice until the 1st CPI index report with "Garbage numbers" so it caused a pull back on the bond market and MBS.There are some loopholes right now in FHA, VA and Fannie Mae since we are seeing more "Margin" built into pricing.

Hey BP! I currently own a couple multi-family properties that are all LTRs and work a full time 6-figure job, so becoming an RE pro is almost impossible. I max out the $25k to offset my W2 under passive activity rules...

That's generally the only loop hole. 

An experienced investor or vacation rental real estate professional familiar with local application processes and 'loop holes' can simplify the geographical areas of priority. 

You’re wondering if you increase your chances of getting audited because you’re qualifying for the short term rental loophole.

Otherwise, it seems like a loop hole to avoid licensure, insurance, cap gains, etc...which feels deceptive.Am I wrong here?

I suspect the CFBP will end that loophole relatively soon. 

switch the zoning or rezone to hotel or a permitted grandfathered zoning instead of looking for the license go bigger and get it permanent not just one unit. loophole but very powerful how a lot of condo development is moving forward in miami they are hotels technically 

Would the STR loophole be a way to write off large RE losses this if you don't have REPs status?

Alot of first time cost seg folks come to us with losses generated all excited to offset w2 income, only to find out they did not qualify for the STR loophole properly and cannot use the losses against active income.