If you're not sure what the fuss is all about, read this older post first:https://www.biggerpockets.com/forums/51/topics/1122635-the-s...Today, we're discussing a very specific question related to STRs: Can you buy an STR in December and still catch all the tax benefits of the so-called STR loophole?

I've worked in property management and managed my own properties and HOA's definitely keep a close eye on that cap so the community is primarily owner-occupants.

That will typically spook them into catching up or chase them out.I recommend you read some books (see my signature?)

I will send out the live webinar link one hour before the live event so keep an eye out on your inbox!

It is also will allow for experience in managing tenants, repairs, accounting of the expenses etc...plus you get to keep a close eye on the property.

Also have you been able to see the property in person or are you relying on an agent to be your eyes and ears on the ground?

.#2 Keep an eye on interest rates based on what the loan officers proposes. 

Definitely an eye opener. 

If you catch these at the pre-foreclosure stage as slow pays or initially in default all the better as the bank has less in collection expense.You can still work out a discount but even buying at the payoff it can be profitable depending on the property value.You can practically force a lender to sell as it can fully indemnify them as a full payoff as demanded, continuing with a foreclosure becomes a rather vengeful act by the bank to punish a borrower, they don't want to go there.

And if you give me your parameters, I can keep my eye out for a property.Thank you @Jesse Rivera!