I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!

Before entering, it's important to wear protective gear like gloves, masks, and sturdy shoes to protect against hazardous materials, such as mold, sharp objects, or biohazards like needles.

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

So, if a “typical” transaction would require 20% down payment to go along with an 80% institutional loan, then if I brought in a couple of investors who funded 10% each and I as “sponsor” received a 33% ownership interest as “promote”, I would have used OPM for that 20% down payment. 

If you wouldn't leave pot or cocaine out, you shouldn't leave alcohol in a unit.You technically aren't responsible for what they do, but don't promote it.

I am not necessarily scared of the age, but more so weary of the cap ex age and building materials.

The definition includes, but is not limited to: Negotiating, promoting, or advertising the sale, exchange, purchase, or rental of real property, or the granting or acceptance of an option to sell, exchange, purchase, or rent an interest or estate in real estate or a time share.

They used the exact same estimation software for construction labor & materials as my insurance, and got together to agree on the scope before work started.

Knoxville seems to have some material damage, just have not heard all details yet.

The high initial ballpark ranges might also be a way to buffer against future increases in labor and material costs.