Here’s how REPS status impacts current and future tax scenarios:1.

While initial challenges, such as slower-than-expected casino development and tenant delays, impacted early performance, the property has stabilized and is performing well.

The law would have more impact if they fined some of the places that clearly are selling ESA authorizations.  

Originally posted by @Carolin Grable:How does this impact the original owner?

It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.

Posting claims like that can really impact the trust we work hard to build.Best of luck with your future endeavors, Jasmine.– Kai Andrew

For curiosity I asked Co-Pilot about it and got this response:The language in your CC&Rs stating that “no business or bed and breakfast is allowed” can indeed impact the interpretation of short-term rentals, but it may not be as straightforward as it seems.Definition of Business: Courts have often ruled that short-term rentals (like those listed on platforms such as Airbnb) do not necessarily qualify as a “business” in the traditional sense.

Here are some steps you could consider:Clarify Expectations in Writing: Send her a formal letter (via email and a physical copy if needed) explaining the importance of scheduling timely repairs and how delays have impacted the property and repair costs.

Meetups by far have been the most impactful thing in gaining my RE investing knowledge.

Although still rare, some of these duplexes are now coming with impact windows, which further lowers your insurance and increases storm protection, so this may be something else to look into.