Converting the short-term rental to a long-term one can help reduce the hassles of frequent turnover and management while offering more predictable cash flow.

All else being equal, lower mortgage rates reduce the cost of ownership and, thereby, allow more people to afford to buy.

Some policies have vacancy clauses, and if the property is empty for, say, 60 or 90 days, your coverage may be reduced and you may not have the coverage you think you have. 

Additionally, there is specialized equipment including diagnostic machines and hydraulic lifts.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

This is NOT passive, it requires you to create systems and deal with all the complexities that a business entails.Reasons to manage your own properties: 1.You are an effective manager and for the most part enjoy people. 2.You want to reduce vacancy and expenses (after the property has been repaired my vacancy rate is below 2%).3.You want to start your own business and instill a certain “culture” at your properties.

Or, is REPS really a “free lunch” for those who qualify - they can claim an active loss reducing ordinary income today, AND get to claim passive and capital gains in the future on the appreciation?

Consider house hacking and short-term rentals for reduced living expenses.

Tax Write-Offs: By reclassifying these components, you can take larger depreciation deductions upfront, reducing your taxable income and lowering your tax bill in the early years.3.

I am hoping to roll these two into one loan and reduce my monthly payment/ interest rate on the HELOC as I will be having the debt long term.I also currently own a 11 spot RV Park which I own all 11 units and is currently generating $10,375/month in rent.

If you are doing the work and labor it reduces some of the risk but to me we won’t let at that high a ltv