Hi All,Looking to buy a STR at the Jersey Shore this year, meet the material participation requirement/100 hrs, and take bonus depreciation on the unit for 2024.

@Rick Albert You are correct anywhere can work, but most areas are seasonal or temporary.

But that's likely just a temporary thing. 

They are allowable per code here but are generally looked at as temporary solutions and to be honest you can get a ring crimper for the price of about 4 or 5 press on fittings... thus cheaper and more durable/leak free to go the crimp ring route..

(High interest rates are temporary) we may not see 3% mortgages again, but I bet we see under 5% on primary residences more often than not over the next 15 years.The mega corporations have consolidated power in the near term.

That will determine who's Insurance is responsible for the costs of the temporary living accomedations.3.

This covers their liability to you for what they break and covers them with temporary housing funds and other benefits if they need it.

Sonia,My wife and I are investors and we run a small REIA on the Eastern Shore.

I think the 2 bedroom provides you with more ability to maximize revenue and still provides a large enough living area, especially as this is only a temporary accommodation for someone!

Whether you're casting a line from the shore or venturing out on a kayak excursion, you're sure to reel in unforgettable memories.After a day of adventure in Key West or on the water, unwind in the luxurious comfort of our home.This is more than just a vacation rental, it's an escape to paradise.