Those memos do not hold authoratative weight but shows the IRS’ thoughts!

Maybe, maybe notYou have to weight the pros / cons along with the risks.Your BP mentions you are 'new to real estate'.You are getting into a new asset class along with a business(I consider a STR more of a business than an investment).How much will you save in taxes?

I am a high-wealth earner with years of employment ahead for me, so I will not feel the weight of this loss other than shame on me for not appreciating this risk better before committing.

The property is in a highly desirable area just outside Boston in walking distance to rapid transit.

Scaling a real estate fix-and-flip business can be a complex endeavor, but partnering with an earnest money lending partner can provide the financial support necessary for rapid growth.

I look forward to more quality investments and not having a rapid fire mindset that led to a spiral downwards going forward.

As a result these markets have historically appreciated at a more rapid rate. 

So the weight of selection really comes down to you, what you most want to do, strive towards etc.. 

There is no “easy button”, that’s why we all learn from every transaction.There are thousands of commercials that claim to make you “lose weight by taking this supplement “ or “you”ll make thousands of dollars a week after buying my course “…please don’t be so quick to believe everything someone says, fact check!!!

I keep mine on a Google Sheet to rapidly pass to folks who need it.