Real estate professional status is valuable because it allows us to reclassify these rental activities to active.

@Judy Sprinkle, Melbourne Beach allows them, Indian Harbour Beach allows them.  

@Jeremy LackUnfortunately, the STR laws in Clear Creek County don't allow Airbnb arbitrage at this point.

There is a final meeting on March 7th where they will determine if these homes are going to be allowed a nonconforming use permit.

I am pretty sure it will allow up to five total.

The actual income is way higher than actually reported hence bank allows such mortgage, this is what makes the RE is un-crash-able yet so far.

It allows you to upload pics of the receipts, categorize them, label them, and so on.

It gives me an alternate phone number and also allows me to have video calls with tenants if needed.

Kaplan was great because I work a full-time job, so the course allowed me to complete it on my own time.

Most lenders won't allow you to put it in and LLC, it needs to be in a trust or your personal name.I'm no attorney but I've never worried about being in an LLC too much when it's not allowed by lenders, I just make sure I have the right structure and insurance.