The resulting first-year tax benefit was approximately $8,200 due to passive loss suspension rules.

The resulting first-year tax benefit was approximately $8,200 due to passive loss suspension rules.

Or you can use public records to get the name and mailing address of the owner.Each opportunity should be considered a potential deal until ruled out based upon your findings.

I have a short term rental that I self manage and am considered a real estate professional based on material participation rules.  

Some areas have specific rules for no-fault evictions, especially for long-term tenants.If your tenant is month-to-month, you’ll likely need to provide at least 30-60 days’ notice, depending on your state laws.Follow up with a formal written notice, stating the move-out deadline and any legal requirements.

Similar story for all our vacation rental investor clients.Set strong rules and expectations, vet guests as best you can, have robust insurance and carry on. 

The 70% rule is a good starting point, but also factor in local market trends and high-ROI upgrades like kitchen and bathroom updates, modern flooring, and curb appeal.

There is still quite a few locations that hit the 1% rule!

Of course these are also just general rules, construction costs will vary greatly dependent on site conditions and design.Most material costs, insurance costs, permitting, licenisng etc. don't deviate greatly depending on where exactly in the city you build and unfourtnately, most of the in-fill opportunties are in the neighborhoods that can't achieve the required pricing to make the cost of new construction pencil.

A basic rule I tell Colorado STR buyers is that you can go cheaper on lesser used items but not the big stuff.