Lesson from Radiant Young Adults night in Tampa – "Staying Power"Last Thursday's session reminded me:- Stay consistent- Play the long game- Consistency always beats periodic bursts of intensity- Consistency might feel “boring,” but that’s where growth happensStay the course!

For example, my ad will state whether we accept pets, that we want provide income around 3x the rent, and that every adult must pass a credit/criminal screening.

Not really...some people exclusively wholesale. 

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

If the violator is an adult child it's a lower risk because the voucher holder just has appeal and to prove the felon moved to another address to be reinstated.  

Two able-bodied adults who make life choices that result in eviction, but the landlord should feel sorry for them? 

Everyone is an adult.

The 14 days or less than 10% of rented days refers to the exclusion ratio. 

So the $8000 buys you exclusive training, deal review and gets you into the "club."