For purposes of this paragraph (e)(3), an activity involving the use of tangible property is not a rental activity for a taxable year if for such taxable year—(A) The average period of customer use for such property is seven days or less;(B) The average period of customer use for such property is 30 days or less, and significant personal services (within the meaning of paragraph (e)(3)(iv) of this section) are provided by or on behalf of the owner of the property in connection with making the property available for use by customers;(C) Extraordinary personal services (within the meaning of paragraph (e)(3)(v) of this section) are provided by or on behalf of the owner of the property in connection with making such property available for use by customers (without regard to the average period of customer use);(D) The rental of such property is treated as incidental to a nonrental activity of the taxpayer under paragraph (e)(3)(vi) of this section;(E) The taxpayer customarily makes the property available during defined business hours for nonexclusive use by various customers; or(F) The provision of the property for use in an activity conducted by a partnership, S corporation, or joint venture in which the taxpayer owns an interest is not a rental activity under paragraph (e)(3)(vii) of this section.

Title VI specifically says "§ 604.

I just found something interesting: In 2010, when they proposed amendments to 36-60-17 to make things clearer, this is one of the requirements, which would make a water lien sort of like a mechanic's lien, in that they'd have to file suit within 12 months or lose it......I'm going to dig some into that. " (7) A claim of lien provided for under this Code Section 36-60-17(d), shall lapse and be of no further effect one year after the filing of the claim of lien if an action is not commenced pursuant to subsection (1)(vi) hereof on or before that date which is the one year anniversary of the recording of the claim of lien.

So we saved the BRRRR investor a lot of money vs a vi holding cost waiting for the refi process.

I have a financial planner in Oregon/US VI who can write these loans for up to 2% under prime (last we spoke about it, like 2 years ago), and the portfolio cashflows something like 10% per year.

When there are no events, the venue has been booked for short-term rentals.Business has no debt, and is turn-key (advertising is creating a healthy pipeline, there are existing employees, and will come with all the inventory and FFE&V). I

You can ignore the new zoning maps and buy anything that make financial sense.Here's the link to Bing's updated zoning regulations- skip to Article VI, Residential Districts.https://www.binghamton-ny.gov/government/elected-officials/c...

@Josh V.  I

For Texas (region VI) it was 12% in 2009.

@Jen V., I would start looking at other neighborhoods, as the ones you mentioned are likely already overrun by investors.