PAL rules have a curve that drops to zero at $150k of combined income for couples.

The mineral rights don't bother me as much as them being combined with the surface rights.

@Grace Hartman I don't mean this in a negative way but you're in this situation due to lack of experience, terribly high contractor quotes, or a combination.

@Jonathan D. great goals, make sure you combine action and education everyday!

The neighborhood has some of the most prohibitive zoning and strong demand, exactly the combination that leads to good absorption.

I financed this deal using a combination of cash and a private lender.

Roth or traditional or combination.  

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

The property’s potential for strong appreciation, combined with its appeal to high-quality tenants seeking modern living in a historic setting, made it an excellent addition to my portfolio.

The property’s potential for strong appreciation, combined with its appeal to high-quality tenants seeking modern living in a historic setting, made it an excellent addition to my portfolio.