In a tenant friendly state you have to.BTW, when you list, there's a fair housing law. you cannot deny a sec 8 if they qualify. your standards need to be the same for everyone

The company “cares about its tenants” and believes in providing “above standard living conditions,” it said in its statement.Other Philadelphia properties owned by RAD or the other businesses have been licensed with L&I as vacant real estate.

Investors should keep an eye on government spending in housing to understand how these changes might shape local markets.At the same time, Bessent’s focus on driving GDP growth could bring a surge of opportunities.

I'll get with a CPA next week to understand REPS status better. 

Here's what's very important to understand: you still owe depreciation recapture tax on $100k, not on $70k!

I understand the value my CPA provides for me in my situation.However, when should my other 2 partners hire help for taxes? 

However, your mother-in-law is a related party to your wife.Given this, it's important to understand how the title is held on your rental condo?

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

Than maybe with adjusting the vocabulary to REALIZED performance and UNREALIZED performance, we can start correcting understandings. 

The standard rule is $250k per person who legally owns/occupies for the 2/5 year requirement.