It seems that it happened over the last few months with what others are posting...Takes a lifetime to build a reputation and 5min to loose one - Warren Buffet.I'm sure Marco is reading these comments and will probably reply.Wishing everyone much success and it's only money at the end of the day.You can't take it with you.It can't make you more loved.And it can't make you healthier or happier 🙏

This is especially true if the CC&Rs do not explicitly mention short-term rentals1.Bed and Breakfast Clause: The mention of “bed and breakfast” typically refers to properties that operate similarly to a commercial establishment, offering lodging and meals.

here is the situation. i left a really good paying job to take care of my 81 year old parents because my dad is chronically ill and my mom is almost there. i wont go into too much detail, but my sis doesnt help them. ill leave it at that. we have a person who comes twice a week to help with cleaning and other household tasks. i carry the bulk of the weight cooking their meals, running errands, grocery shopping, picking up meds, and taking them to dr appointments. its a full time job. i get a small salary of $1000 a month from a care giver sub contractor for the VA. ive been paying my bills with what savings ive had, but only have a few months of funds left. i own a duplex. i have over 200k in equity. i live in texas and texas has weird laws about refi and heloc/heloans when the property is 4 units or less and owner occupied. i would rather not sell, but if thats my only option i will have to at some point.does anyone have any advice or possibly be able to point me to lenders who might be able to work with my situation?

You just ate a giant meal and are so full you don't want to do anything and surely don't want to have a fight. 

At present you just need a meals and room tax license.

Youtube is great - you can learn many different things from what neighborhoods look like, how to fix a part on car, make a certain type of dish/meal, understand a concept..etc

Depending on the rental income of the building I might increase it more astringently to have healthier financial success (e.g $1200 in 2022 increased to $2100 by EOY 2024). 

Say I want to buy a property to operate it as a STR (with material participation avg < 7days stay).If I travel to the beach to see some properties I am interested in, am I allowed to deduct the travel, stay, meals as expenses?

STRs rented and NOT providing substantial services (regular cleaning, meal prep, trips/excursions, etc) goes on schedule E, not schedule C. 2.

If they’re doing it for dirt cheap and gave great service, I’m a lot more likely to give them a “bonus” than if they charged me full rate and took a long time to get to the worksite.I don’t think there’s a hard and fast rule on anything, but if you want them to treat you well, you need to treat them well (pay when asked, provide meals for him/her and their crew, be flexible when you can, pay extra, etc.).