The short-term rental (STR) loophole allows for different treatment of rentals with an average stay of seven days or less, but this doesn't change the REPS hour requirements.There is no official IRS form specifically for documenting REPS hours.

Is there anything specific I should focus on during the due diligence process, particularly regarding title and document inspection, compared to a traditional sale?

It's hard to give any recommendations without any specific questions/real numbers.

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

I'm not specifically familiar with BP's deal analyzer (I use my own).

I'm glad to see there are possibilities to invest remotely.We are considering a future project in the United States, specifically in Florida, Texas, or California.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

This is being very conservative with all the numbers, if anyone is interested in specifics I can provide in a pm.Super excited, as now I have a target AND a plan for my goal.lets ****ing go.