As for legal action, we're exploring options for misrepresentation and considering a report to the local board if warranted.

I'm exploring this as a potential investment and would love to hear from anyone with experience buying in JC.I'm looking for recommendations on good areas to invest in.

Consult a tax advisor to optimize the use of passive losses and explore potential benefits from selling stocks.This post does not create a CPA-Client relationship.

Are you planning to continue investing in the Greensboro area, or are you exploring other markets too?

This would help us benchmark and explore simpler alternatives while understanding how complex the structure mentioned above truly is.I assume they are not actively managing their business?

Having a cashflow breakeven property with a loss for tax purposes can have some tax benefits that you should consider exploring. ...

If you discover one that sounds potentially relevant, and you have not explored it - see if you can still get hold of your accountant to ask.

The goal is to create cash flow, do some value add work, and be able to take advantage of the STR loophole to help with my W2 income (hence the self managing).I’ve been exploring towns like Beacon, Woodstock, Hudson, Newburgh, Lake Hopatcong, Highland Lakes, and others.

The property sits on 5 acres, and after a successful first year with cash flow, I’m exploring ways to expand.Initially, I considered building another home on the property to use as a second STR.

It’s always exciting to explore other booming markets and see what makes them stand out.Happy to connect and chat more about this!