The Augusta Rule, known to the IRS as Section 280A, allows homeowners to rent out their home for up to 14 days per year without needing to report the rental income on their individual tax return.Originally created to protect residents of Augusta, Georgia who would rent out their homes to attendees of the annual Masters golf tournament, the Augusta Rule applies to any taxpayer who owns a home in the United States, provided that your home is not your primary place of business.How Does it Work for the Homeowner?

Hey - I thought I was in the clear - but perhaps not (was about to file my taxes . .  ). 

It has specifically banned STRs of secondary suites, though renting out primary residences or rooms within them is still allowed, subject to licensing fees and a nightly tax. 

(Of course there are sales costs, tax implications, etc).Thanks!

HELOCS do exist for rental properties but you are usually capped at 65-70ltv and these will most likely require a full underwrite that takes into consideration taxes, income, dti and all the normal quasi-associated red tape.

I'm live in Old bridge, NJ and due to high property taxes in New Jersey, PA seems like the best state to invest in(Tavel time ) I'm trying to identify rental markets and research, while trying to establish a team.I've done some research and came up with a few areas in PA include Allentown, Lehigh Valley, Bethlehem, Scranton, reading and Kutztown I'm hopping to cash flow between $100-200 per unit is possible (with property management), and can reasonably expect some appreciation in the next 10-20 years (2-4% per year would be ideal, though achieving positive cashflow on my first purchase is my #1 focus).

Can anyone recommend a great accountant they've worked with who also has experience with US Expats living abroad filing their taxes back in the US?  

Year 1, cash on cash return at 9.46% Over the next 10 years, here are the projected overall returns with 5% year over year rent growth, 3% year over year appreciation of the property, and calculations for tax savings + debt pay down: I'm a buy and hold investor.

This involves discussing legal and tax implications with professionals like a real estate attorney and tax advisor to find the best structure for your situation.

Do you have any interest in 2-4 units to increase the units/rents under one tax bill.