However, here are a few options:Private Lenders or Hard Money Loans: These don’t require traditional documentation like a W2 and are often used for fix-and-flip projects.

The floor area is to be calculated on the basis of total dwelling unit area.Thank you for making some excellent items to consider going forward.

We removed a chimney to open up the space and updated all the major ticket items—new electrical, HVAC, and roof.

Lastly is structures, and to be honest I think we'd probably have to move the needle $100k or so on that item because I have a feeling from what I've seen thus far is these structures are not of the most durable enduring type and I will have some considerable cap-x over 10yr window on them.

Lots of posts here on BP on all the questions to ask as there are 100+ items to consider

My wife and I used to do flips in this area, and I have a couple listings along with long term rentals I manage in the area..For the co-host, they typically do not handle permitting and other items like that (this can be agreed upon between you and the co-host.

If you’re itemizing your deductions, another great strategy is making a strategic donation to a charity or organization you believe in, like your favorite nonprofit or your church.

Prepaid items are comprised of property taxes and insurance and prepaid interest.Property taxes and homeowners’ insurance will depend on whether or not you have an escrow account, when you are closing, and when those items are due.

Clean it up a bit to get most bang for the buck add ons and preventative damage items like water leaks.

The process is pretty simple, but it does involve extra steps compared to a traditional rental.