Probably not, but I'd see what my CPA and attorneys have to say.Be a pain having tenants pay you twice too.Also, passive income is already treated pretty favorably after deductions such as depreciation.

And if your investor friend’s private loan helps fill in any gaps, it might be worth considering that short-term pain for long-term stability.What do you think you’d focus on first... paying off that line of credit as fast as possible or jumpstarting the renovation to boost cash flow right away? 

@John Voychick As a fellow out-of-state investor, I feel your pain.

Gettysburg, PA in (Nov, I think) 2021 changed rules for STRs.

Quote from @Paige Corsello: Hi Bobby, the majority of my business is in Pittsburgh, PA and Florida Paige I can go 80% cash out in PA In FL I can go 75% cash out and 80% rate and term

It’s been a pain going there every day for the past 4 weeks and looking ahead to have to keep going there every day for the next 4 weeks.

I don't even know what to say, except to hope that it's all kids who do not yet know the pain of rush hour commute, and think all things "grown up" are cool grown up things. 

House hacking could possibly at least cut that painful expense so not saying you shouldn't do but really watch your numbers.

Then you are in control of that money.Dealing with an insurance came is never easy, and sometimes it can be downright a pain.  

It was a pain, but in the end, I came out ahead as there are rent caps in the area and got good tenants.