I am also dedicated to the 'buy and hold' strategy. 

We have the experience and time to dedicate to that.

Mobile home parks can provide consistent income, and if you manage it well, they could become a significant source of cash flow.

This experience taught me the importance of hard work, dedication, and the time it takes to build a successful real estate portfolio.In February 2022, I landed a job doing maintenance for a large REIT in the Halifax area.

Pete is possible but I won’t be able to dedicate as much time to it.Thanks!

@Frank Rolfe's Mobile Home Park Bootcamp is the gold standard!

.), you do not need any forms—just keep track of your spending to share with your tax advisor at the end of the year.The best way I’ve found to keep track of expenses is through a credit/debit card that is dedicated ONLY to your business.

Its all mobile through phone, you'd need to be on the host account to view anything, or in the car with them to learn anything.

Being upfront with clients and highlighting your strengths—like your market knowledge and dedication—can help minimize the impact of transportation issues.If you're concerned about the costs, maybe focus on building a client base close to home, where transportation won't be as big of an issue.

Let me explain with example:- Assume I purchase land worth 50K in August 2024, and then hire contractor/architect and spend over 100+ hours discussing the building plans, etc to either construct a SFR home or a Manufactured/Mobile home.- I will also supervise the construction and other related activities (but will NOT build the house myself) .- Let's assume the total cost of construction is 200K (or 150K if it's a manufactured/mobile home).My Question would thus be- Can the STR tax loophole strategy allow me to offset 60% of the 200K amount that I paid towards construction of the home, (or 60% of 150K if it's a Manufactured home)Any success stories with this kind of approach?