The amount of time during the period of the trip which is spent on personal activity compared to the amount of time spent on activities directly relating to the taxpayer's trade or business is an important factor in determining whether the trip is primarily personal.

Imran,Your question is complicated, but the short answer is "not as you describe it."   

If they admit to using undocumented employees the insurance won't pay and then the municipality will likely issue a hefty fine and not allow them to pull permits and work for a period of time.

In general Joshua Tree is a great location for Short Term rentals. 

It all comes down to 50 or more years of no Inspections with Deferred Maintenance by the criminal HOA's which now have to be paid for in short time with Zero Money in the Reserve Accounts.

If you want to access the equity, you created by rehabbing the property your waiting period to use the new improved value can range upwards of 12 months.

The answer to these questions will determine whether or not the appraiser's opinion is credible.Unless you are getting bank financing, then the appraisal is nothing short than the word of God. 

Hi all, I am looking for some expertise from STR landlords or accountants. I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few g...

If I lend 30k for someone to close a REO deal then I'll have their car pledged, or have a co-signor that pledges the 30k if it is defaulted.a 2nd lien position with no protection is like going to Vegas and betting on black, only on that bet you win 30k, in a 2nd lien position what do you stand to make on a 30k short term loan? 

Purchase price: $270,000 Sale price: $310,000 Buy & Hold Single Family | Prices in this area were appreciating so I purchased this under market value and held short term.