Quote from @Chris Shon:We started an LLC last year and are about to file our first return for 2024.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Quote from @Daniel Amsalem: If you have an Airbnb in DC, Maryland, or Northern Virginia (NOVA) or want to, I'd ask you provide feedback to the City of Alexandria regarding their proposed regulations.Regulations: https://www.alexandriava.gov/sites/default/files/2024-08/sho...Feedback Form: https://www.research.net/r/AlexandriaVA-ShortTermRentalsAlexandria sets the example for all of DMV as the most permissible county/region. 

Without giving the individual's name, even though once it is filed it is public information, could you post the specifics they are alleging or the case number?

I have no concerns about the owner filing for bankruptcy or any issues with a bank.

This approach simplifies the sale and avoids unnecessary legal or tax complications.If she want to share the proceeds and tax obligation in a technical way, she need to file a partnership return for this property.This post does not create a CPA-Client relationship.

If it is, explain your situation and ask to file a complaint.

AHP Servicing never filed their 2022 Audit.2.

If you file an eviction then it must be filed locally, if your LLC is sued they will sue locally. 

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.