So my thoughts to what is or isn't a huge trigger for the IRS for audits is based on direct input from the industry.

Our opinions should not make a difference, if you're doing your diligence properly.You'll just get realtors, or real estate professionals, from both locals promoting their area based off a keyword search for posts like this.

I would deny based on whether they had an outstanding debt/judgement to the prior landlord.

However, rental losses could be limited based on AGI if you file jointly.

Since you said you don’t really need the cashflow because you are sitting on huge reserves do the math based on income instead of cashflow.

Because the property is so unique pricing likely needs to be as well, maybe consider that based on the property needs/maintenance and location you may not want it consistently turned over so maybe you open 28 day slots and allow use with a 1 time per month turn over.

Your argument is based on outdated assumptions and ignores the reality of today’s labor market.

My passion lies in expanding my portfolio of long-term rentals and diving into property flipping as I grow in this journey.My main goals are to connect with like-minded investors and professionals, share experiences, and soak up as much knowledge as I can from this incredible community.If you’re based in Georgia or working on similar projects, I’d love to connect and hear about your journey!

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.

The information provided is based on my experience and industry knowledge but should not be considered legal, tax, or financial advice.