Has anyone been in a situation where they acquired a condo and operated it as an STR when the HOA did not make the exclusion in their CC&Rs, but then faced resistance from the HOA?

It is actually pretty rare that we have any tenants that pay after the 6th so we'll usually give them a day grace period.I would not recommend an out-of-state investor unless he/she had a PM that dealt almost exclusively with student rentals.

From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

But dont bury your head in the sand or stay willfully ignorant.It is notable that this recent rise is not from the man on the street like the previous rise was and rather this came almost exclusively from institutional investors, Rothchilds peeps like that. 

If the buyer pays his commission - the offer would be a low ball.Tell him to get a hike...this is no different than mail you are getting all the time:"I have prequalified buyer - just need a house to show"After you list it- it's exclusive with this agent.

The IRS focuses on intent rather than a specific minimum holding period.The benefits of the primary exclusion out way renting your primary, deferring, and doing a 1031 exchange.

Hey @Brody Veilleux, absolutely, QuickBooks Online and other software that have a "bank feed" feature allow you to connect as many financial accounts as you like and the transactions flow into the software automatically.We use QuickBooks Online exclusively for all of our REI Clients.

Illiquidity: Real estate is harder to liquidate quickly.You can invest the full amount but must use IRA funds exclusively for property expenses, keeping personal finances separate.

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

Expenses that exclusively relate to the rental unit are 100% deductible, shared property expenses (like mortgage interest, insurance, and common area repairs) are typically 50% deductible, and personal residence expenses aren’t deductible.