So I don't see any tax hacks or loopholes in this.

In that environment, you will constantly be looking over your shoulder to ensure you are taking action within the loophole, and not exposing yourself to legal action.

I can see a savvy tenant taking advantage of the loopholes...

It's not what the IRS intended it to be used for and they are working to close this loophole.

It's crappy to do but it does look like they found a loophole that they're exploiting.

Those that take the guru road as if they are giving legal advice are really shadow players, they may give you some loophole opinion but it's not necessarily legal advice.

I think the I can only have 4 properties max under my name and was hoping here was a loophole that would allow me buy a home as owner occupied, live in it until reno are done, then move out and shift the asset into my LLC.Then, rinse and repeat.That way, I will never reach the maximum of 4 properties ever.

I think we will see more and more of a push to close the loopholes wholesalers use to do deals.

When I see people bend the law, I see the opposed stand on a loophole to justify their stand.

After determining that I was a 1099 with only 1.5 years work experience, the loan officer quickly shared a look that made that oh so delicious chicken biscuit want to come right out where it previously entered.After searching through every loop hole, we came across the conclusion that there was nothing this bank could do to get me in the door.