Fingers crossed for retroactive application lol@Joshua Thompson totally, I just wanted to update everyone on the status of extending 100% bonus depreciation (since this is also a focus for our clients) and provide a reference to creditable source. 

I would like to add what qualifies you are a short term rental investor that can take advantage of this "loophole" below: The short-term rental (STR) tax loophole allows property owners to classify rental income as non-passive, enabling them to take advantage of certain tax benefits even if they don't qualify for Real Estate Professional Status (REPS).

@Noah BaconI am not really concerned about either housing plan as both parties have been talking about building more affordable housing for decades but it boils down to a local level and the NIMBY groupsIt will be status quo like it has been since I can remember

My wife and I are under contract on a home we would like to turn into an MTR at some point close to downtown Mesa and the Mesa Arts Center, ~ 10 minutes from Banner Health.

The owner had been living in these conditions for a long time due to mental health issues.It was heartbreaking to see.We agreed on a price and closed very quickly to provide relief.

It's a matter of whether the HOA finds out about his sex offender status. 

Financial reports, if available, provide a snapshot of their financial health.

The main things that you need to keep in mind are seasoning and status of the home.

We evaluate the asset off the current cash-flow, building condition, performance compared to peers, rent rates compared to market, and overall health of the local market.

Passive Activity Loss RulesIf you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial.