Hey all,My name is Tony, I'm 35, just started actively pursuing financial independence and have been really hammering away at learning everything I can.

Meeting the 100-hour material participation rule qualifies your STR income as active as long as no one else participates more than you, This will allow losses to offset W-2 or other active income.While there’s no official IRS form to track hours, maintaining a detailed log is essential in case of an audit.

Please advise.ThanksMel I'd recommend a local Independent Agency that has access to multiple markets including surplus lines

But. that short of a hold period would be suspect by itself if ever audited.  

You can learn to do this independently or get a rockstar REALTOR to lead the way.

Hi Moustafa, congratulations to you and your wife on your marriage and for thinking ahead about financial independence!

I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.

What are the best methods to independently verify zoning and land use data to ensure compliance with local regulations?