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5 May 2024 | 10 replies
So either 1- we find a new Accounting firm or 2- don't do the study Anyone have experience with this specifically for SFR and for an STR
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6 May 2024 | 15 replies
Is there a reason you were specifically interested in that area?
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6 May 2024 | 10 replies
Once you have scaled up a bit and have some hard and fast procedures in place you can take what you like about the state form and then add in what you would like it to say concerning your specific processes and procedures, write all that down and send it to a lawyer to bless.
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4 May 2024 | 3 replies
And anything over 31 (some cities do 30 so verify) days is considered MTR and typically has less regulations. - Short-Term Rental (STR) License - Littleton CO - The shorter the stay, normally the higher the revenue but also higher work with turnover, etc.You'll also want to check zoning laws to see if you can legally have it be a duplex if you move out.
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7 May 2024 | 27 replies
Have boundaries and just as @Nathan Gesner said, post notice (according to your State specific laws) and move them out.
5 May 2024 | 3 replies
I want them to send the check to my attorney for the closing on a specific property.I know that some of you are so eager to launch this new phase of growing your business that you really want to take that first check but don't do it.Here is why.
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5 May 2024 | 1 reply
Asking to pick someone's brain, to a seasoned investor or wholesaler, sounds like a waste of time because you didn't set it up.Your best set up is to lay out the deal or the specific dilemma so someone can answer that specific thing instead of just having their brain picked.
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6 May 2024 | 11 replies
I can block out specific dates on the calendar for a property and add a note that says, "Guest Sara Abernathy," $125/night, paid through cozy.co".
4 May 2024 | 3 replies
Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.
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5 May 2024 | 2 replies
This question will be state specific.