Answer: No, buying an STR doesn't change the nature of historical passive losses on other LTRs you own and carried forward from prior tax years 

Hi Shayan,Rehab projects that involve HOAs can still be very profitable, you'll just want to check in with the HOA prior to signing the purchase agreement to check if the work that you want to do will be allowed, but also to see if the condos are warrantable.

I have a BS in Electrical Engineering from the University of Arizona and spent 4 years in the military prior to that.

Did you go through the Signup Instructions?

Please provide a forwarding address prior to moving out, and be sure to cancel/transfer any utilities out of your name by the move out date.

Prior to the 1986 Act, real estate investors were able to offset their rental property losses against their active income including w-2 earnings and profits from businesses.

Prior to finding this out, we agreed to honor all current bookings after taking ownership (we would get the income).

It’s probably a smart move that you did not allow the seller to talk you into closing prior to having access/possession of the property.

I had one acquaintance that sent out invoices a number days prior to remind people.

Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.