Do you think that could lead to a price correction or just a plateau?

If you didn't, seems like a bad / inexperienced accountant to suggest such a thing.In my opinion, its the same as telling someone to go to a trade school and get a new career.A STR can help you lower your taxes but I would only do it if you were planning to purchase a STR.A STR is a business, you are responsible for furnishing the house, responding to guests, providing a great stay and experience, etc

Although , double closing is more expensive , I feel it’s a little more legitimate than assigning.

@Dustin Seager if you are buying with hard money, then you will have to put it in an LLC.

It is attracting younger retail and a few firms but most shy away from it as they don’t see any added value in it and don’t trust it.

I ended the offer to rent to the tenant on December 1st and didn't receive any communication from LMHA until December 15th when they tried to schedule the inspection...that's 45 days to process a voucher.We had another home pass inspection on November 5th and we hadn't "stopped and waited" for LMHA because it had never been a major issue before so we let the tenant move in...LMHA announced on November 15th that the tenant voucher needed to be re-evaluated by LMHA and that the rent rate needed to be adjusted (The story was the "Administrator A" reviewed and approved it but since they had resigned, now we had to wait for "Administrator B" to do it.

I'd be highly weary of anyone on these forums who'd recommend to you @Shibu Thomas that you break the law and put unnecessary liability on yourself.  

Hi BP, i’m curious if anyone has moved an electrical meter without upgrading service. i recently upgraded a meter and was forced to move it to a new location however now i can’t pass inspection because the service enters the building before the meter (only good route to get to new meter was indoors) i really want to avoid a new electrical drophas anyone found a way to enter the building before metering?

Standard deduction has nothing to do with purchasing a rental property.

Starting rent-free is a smart move—it’ll maximize cash flow but high purchase price and a low down payment make it challenging.