You can't really predict for a creative business mind and how they might craft a guest experience that stands out in their market. 

Homes are typically on the market for about 56 days before selling, slightly longer than the 43 days observed last year.RedfinThe number of homes for sale has risen by 6.6% from December 2024 to January 2025, totaling 3,131 active listings.

Hobby income and expenses are treated differently than investment activities or business activities.

Are you actively investing or have an active portfolio?

This was critical for me since I wanted the code generation for the guests to be fully automated.

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

However, if you made the property available for rent in 2024—meaning you actively advertised it, listed it, or had it ready for tenants—you may be able to deduct certain expenses like mortgage interest, property taxes, maintenance, and depreciation for that period.

The reason cited is that since we aren’t performing the renovations, we aren’t exposed to these risks.For those who actively flip, what type of liability / E&O insurance do you carry to protect against these risks?

By electing QBI safe harbor, you ensure that your rental activities qualify as a trade or business under §199A, provided you meet the 250-hour material participation rule and maintain proper records.

it is mostly from what I've been seeing in activity in my STR, and in talking with some friends who manage restaurants.