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 . .  ). 

As I am neither a US citizen nor a resident, I would like to know which taxes I need to pay and which rules I need to follow.

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.

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?  

The agent should want to sit down with them for a consultation, where they ask probing questions to clarify what the buyer is looking for.

Always consult with your attorney before you rely on the above information.

- Should I source a consultant or some sort of assistance to devise a business plan?