Once you qualify for REPS, prior year suspended losses can be used to offset current year ordinary income.

So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that help!

I realize there are a lot of variables at play during turnovers, such as:- What was the condition prior to tenant move-in and what is the condition after move-out?

Regardless,  the Utility bill (in this case Water) was significantly lower than prior months and way less (over 40%) than it used to be before RUBS so it was in-fact working and saving them all significant money. 

If you have a remote lock like schlage encode,  you can enter the time the code will start and end , but give the guest the information of how to enter in advance, I think If I was going on vacation and did not have any info on how to get in prior to one hour  before check in that would make me a litte anxious and start my vacation with not so great vibes. 

If you're not willing to spend a couple thousand prior to sending off your money to get some data on who you're sending it to you deserve to lose your capital.

If I weren't there, I would have a home watch person go over after someone leaves to check on it but then still clean it prior to next guest.

Beyond the formal checklists: no evictions, 3-4x income to rent, prior landlord references, employment checks; I would also look at things like responsiveness to communication when we are setting showing, were they on time to showing, did they look me in the eye and shake my hand, did they show up to showing high?

So, unless this was an OLD contract from prior to the NAR settlement it is very likely an exclusive buyer agency agreement.

I may be able to help you secure a no-experience ground-up construction loan, even though lenders typically require someone with prior construction experience.If you're willing to reach out, I’d be happy to discuss the possibility of pulling some strings to get this project funded.