Lesson: if you do not have two separate guest stays completed in 2024, there is no way to meet your 7-day test.

A failed pressure test or known electrical issue would prohibit this@Shelby Ek  If the the property did not fail the FSM pressure test, a buyer would be able to turn on the water

Hi Ben, doing this for 20 years, I’d say if you move forward, refinance your two rentals to the max they can handle under a stress test for mortgage payments.

My attorney told me there's some question whether contracts are actually copyrightable, but it doesn't seem worth it to test it.

However, if anyone on this forum is on the Fence on Joining Renatus or Just Curious about the Platform, you can actually create a free account and browse through the platform here.Be Sure to Use this Access Code : GT79QFCheck Out Renatus HereRenatus Now Allows a 7 Day Test Drive for Investors to Test Out Their Top Notch Entry Level Real Estate Investing Education for $50!

As you speak with prospective guests, just ask them and do some QA testing.

Of course, nobody wants to be the test case, but I've never heard of IRS treating money from a loan as income, ever.I think you would be better off with a long closing date on the purchase and sell your exchange property fast so you can do a conventional 1031, receive conventional financing with one set of start up fees/costs, etc.

Purchased a test pilot home for shared housing. 

I invested $1,000 to test it out and get $10/month in distributions.  

I have tested it in the past and find that it is way off (usually on the low side) for me.