The only investments I’d do there is in short-term rentals in either Rome, Venice or Florence.

A short-term rental with a stay of 7 days or less + Material participation =also non passive.

We have couple turnkeys, and couple of BRRRs that we did so far (all are single family residential properties with long-term tenants).We are interested in exploring commercial real estate, and wanted to get all of your help in getting started. 

Setting up direct bookings is a great way to save on fees, but you’re right—it requires extra effort to ensure everything runs smoothly.For vetting guests, start by asking a few questions when they inquire, like the purpose of their stay, how many people will be there, and if they’ve stayed in short-term rentals before.

By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

The content is not proprietary - it's freely available on the web, but the presentation is my private property (my research, copyrighted IP). 

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

However, for a possible new owner who wants to launch a STR in the springtime of 2025, we wonder what the future may hold in terms of permitting for a new STR, grandfathering of an purchased home that was already a STR, etc.

Long-term fundamentals?