I do not accept personal checks under any circumstances for these move-in funds.This agreement is between_________________________________________, hereafter referred to as “Prospective Tenant(s),” and ____________________________, hereafter referred to as “Landlord.”Landlord acknowledges receipt of payment in the amount of $___________ from Prospective Tenant(s) as a non-refundable binder for the property listed above.

As I mentioned previously to Hattie, I want to see what is realistic given my circumstances and what things to focus on at this point in my journey.  

If you hit the two-year mark before selling, you should be eligible for the exclusion.If you don’t meet the two-year requirement, you could look into partial exclusion for certain circumstances, such as job relocation or health reasons.

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

Facts and Circumstances Test: Based on all of the facts and circumstances, the individual participates in the activity on a regular, continuous, and substantial basis during the tax year.

It would be good to start your own topics to get better feedback since this post was started by another member with a different set of circumstances.

Under no circumstance should a rent ready be quoted at 3-4k then invoiced at 6k with no explanation or approval.

Or that they’ll be able to use a highly sophisticated technique that can really only successfully be utilized when all the stars align and in circumstances that occur irregularly and need to be recognized as such, always by an experienced real estate investor.  

Create a buy box and work that buy box under any circumstances and you will be fine. 

I do NOT discriminate under any circumstances, but if someone feels you did, you can be put in a situation that takes time and money.