I've been researching this quite a bit and am looking into acquiring an STR that I would actively manage and would keep average stay at 7 days or less. I would like to meet the requirement of spending over 100 hours o...

I like that you’re driven and really want to surround myself with likeminded individuals. 

I have a knack for saving on materials while providing some unique flair that will stand out in the market. 

take your bonus, pay down the home and sell it. not much creativity that can be had. if you try and short sell it the banks could still come back after you and it will crush your credit. chalk it up to a very expensive lesson learned - was it driven by FOMO of feeling like you needed to invest because everyone else was making money?

IMHO this isn't an acceptable trait in a flooring material. 

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

Most people tend to hang onto thier homes as an assetIt sounds like Austin’s growth has been remarkable, especially with tech-driven demand and appealing amenities!

The bigger programs raised their rates ridiculously and provide a lot of generic outdated material. 

Include disposal of materials and debris management.

I’m here to expand my network, connect with investors, hard money lenders, and fellow professionals, and collaborate on value-driven real estate opportunities.