Marcus - your post is on an old thread and the prior participants may well have moved on to other topics.I think what you're asking can be answered this way:Every State has different laws concerning probating decedent's estates.

I'm over on the West Side of the state so wouldn't be able to do a meet up in Detroit but I know there are some Detroit agents around so just keep monitoring this thread and I'm sure you'll get some participants soon

@Usman Khan Yes, you can apply the short-term rental tax loophole to the STR units (80%) in your triplex if you meet the material participation requirements and have average stays of less than 7 days.

The small market size and relationship-based transactions make it difficult for new or smaller players to participate, which aligns with the earlier observation about the lack of services for individual investors.Overall, this market seems to present challenges for growth or democratization, as its current structure favors established, well-connected players with significant capital.

Thank to all of you that participate on here!!!

The STR loophole is all about “material participation”.

Aside from this any recommendation about groups that  should join or actively participate to maximize my reach?

I will ensure my attendance and look forward to participating.

The LP still has to meet the material participation rules in order to take full advantage of the depreciation losses even if they meet REPS. 

If you materially participate and the rental qualifies as a STR you should be able to take advantage of bonus depreciation on a STR.