Hi All - I've seen quite a bit of confusion on the application of the Passive Activity  Loss Rules and Short Term Rentals. 

If not, cut your losses, sell the home and learn from your first investment. 

A tenant should not have to pay for that unless they continually leave food out and cause more pests than your account covers.3.

But if you place a tenant at $1,300 a month, you'll make up the loss in four months.

They will have to sell it for a loss cause nobody in their right mind will buy that  The increased developer fees is only going to impact the seller, because they are the ones paying for it.

If the market slows down even just a little...catches a tiny little cold...you will lose all your money and the lender will likely take a loss also.I ran a distressed debt fund for 5 years, DO Income Fund, and we had hard limits when buying distressed debt.

What you guys probably do not realize is that you cannot generate ANY tax loss when you rent out part of your house.

If you are hungry and you have no food, you will do anything for food because you have to.

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.