Being a wholeslaer is having a business.You are in the business of finding and buying land/contracts for a short duration and then immediately selling them.One typical expense for a wholesaler is all the advertising costs to find motivated sellers.

PML depending on the time duration of the loan will either be passive or active income.

Can I offset my W2 income by using the Short Term Rental Tax loophole and reclassify the rental income as non-passive by having average duration of stays to be 7 days or less? 

I have a tenant who hasn't paid rent for the past two months. I need to issue an eviction notice. I understand that the first step is to provide a written notice. How many days' notice should I give? Additionally, cou...

Include the date, duration, and a brief summary of what was discussed (e.g., "Discussed renovation plans with GC for STR property").

To qualify, property owners must meet specific criteria:Guest stay duration: Rentals must average no more than seven days per guest.Service level: Owners must provide services comparable to a hotel, such as daily cleaning, meals, or transportation.

It may make one feel good to know that the discount rate for a dollar earned in the future is 12%, but for the IRR calculation to reflect anything near an actual outcome, the income must be reinvested at 12% as it is received for the duration of the holding period used to compute the IRR.  

The reason this works well and is permitted in my building is because I live here, so my guests technically become 'roommates' while they stay with me.The one BIG caveat I would share with your vision is to make sure management / your HOA doesn't have a rental restriction that stipulates rental minimums / %s / caps / durations / etc.

The tenants will be staying at the premises for the duration of the repair and expect compensation for the inconvenience/impact.

For a property flip, how is the duration of ownership calculated?