., if the business is not a "rental" business per tax code, we count that income as non-passive and offset other income (W2, etc) similarly.Does anybody else have some guidance (or opinions) on this matter?

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

It is definitely a great place to start real estate investing.I own rentals in East Linden and Southern Hilltop.

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

I have several short-term rentals down here & am an STR expert in the area.

I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

If you're looking for local data in northern NV check out Address Income there is a rental map with hyper-local rents to use for your underwriting.

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

I bought my first rental in London, ON in October 2019, and recently sold in August 2024.

The dumbest thing I’ve ever done was paying off my first two rentals and trying to pay off my primary.