Do you believe I am overthinking using the Tax Code Section 469; “Real Estate Professional Status,” and achieving that status with STR’s or should I just stick with the proven LTR “House Hacking” strategy and build my RE Portfolio that way? 

You’ll be able to move forward with confidence, knowing that you’re making informed decisions based on proven strategies.Resources Are Your Foundation for SuccessThe truth is, success in real estate investing isn’t about luck—it’s about preparation and having the right resources at your disposal.

They will work with the buyer to re-set the loan and terms because when they foreclose and bid the property in for their loan amount which they mostly do around here, they have to recognize the loss as a non performing loan which has a multiplier effect on their lending base.

This update is crucial to ensure lenders recognize the increased value of my property, especially since I have equity in the home and am looking to refinance at an opportune time.Is it necessary to hire a licensed general contractor for this type of project?

Based in the level and types of questions I see on Syndication investments, I hadn’t thought but a lot of these investors don’t recognize the differences in investment structures as it relates to requirements.  

There are a lot of great things that come with renting two Section 8 tenants like an annual guarantee of income once you get a negotiated price on a contract with HUD but this does not negate the fact that there is good and bad to everything and whether that be a cash pay tenant or a Section 8 tenant, it's ALL about the way you do business, and whether or not you have experience to be able to recognize the way that certain things should or should not be handled so that you end up benefiting from the situation instead of losing. let's keep this thread going, if anyone else has any other insights please continue to post this is a great thread because there is a lot of general misconception about Section 8 HUD tenants, properties, and investors, it is certainly a niche market so to speak but if you know what you're doing it can be extremely lucrative.

Hello @Reva SchwobI'm in your market and I can say that there's no one proven method for success, but rather it needs to be an ecosystem of a little bit of everything.

If the building is unused and the town recognizes the need for an ALF, you might be able to negotiate an extremely favorable deal. 

I appreciate your data, your consideration of all of the issues, your capacity to be self-reflective and recognize the imperfect choice of the far better plans and proposals, your professionalism with presenting your perspective and your willingness to share your point of view.

Some states may not fully recognize or conform to federal provisions.