Hoping Orlando travel will pick up next year with new parks opening(EPIC universe).AirDNA data shows that few properties have done 80k-90k in the area with theming.It all sounded convincing untill i see loopholes in my own plan. 

Originally posted by @Tyler Jahnke:Hi @Natalie Vane - the PM contract does not clearly state I'll be consulted for approval of repair/maintenance costs.Advertising expenses are not clearly stated and limited to a specific amount.You bring up great points and potential loopholes, but I'm putting my trust in them that they won't surprise me with a $10K advertising bill.

In general, Cohan is overhyped by gurus who mis-promote it as a loophole for people who do not bother to keep records and receipts.

There are some loopholes and tricks to know up front that can help avoid lost time and money.

The 1031 exchange is designed to give you a loophole: You are not considered to be selling and buying, you are simply trading your property for a different one or ones.

Depreciation can create paper losses to offset rental income or passive income, and qualifying as a Real Estate Professional (REPS) or STR loophole can allow losses to offset W-2 income.This post does not create a CPA-Client relationship.

For the 1 millionth time, it isn't a loophole.

I enjoy helping new investors and bigger pockets members find and use loopholes to save money.

So does the book provide a loophole to the three property limitation to the “mortgage origination” rule (Dodd Frank)?

I've had a couple tenants use this loophole to either avoid pet rent/deposits, or to get a pet into a no pets building.