Real estate professional status, as well as the short term rental loophole are a few big ones.

By way of example, I've expereinced instances where the design professional submits drawings and once approved by the municipality, a contractor must associate with the permit, in other instances the contractor must be listed on the orignial submission and in other cases the contractor is the one responsible for submiting the permit set and permit application.

In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.

I want to teach students how to House hack to flip/Rent when they are Juniors, Partner them with Professionals Senior year, and then mentor them through a house hack post H.S.  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You can also pop in to one of our local REIA groups to network with other investors.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Recently, I joined a network of multifamily investors and we've been exploring emerging secondary and tertiary markets in states like Georgia, Texas, Oklahoma, and Idaho.

Alternatively, you might consider the strategy of acquiring distressed off-market deals, renovating them, renting them out, refinancing to pull out cash, and repeating this process.Another aspect to consider is whether you prefer to handle the work yourself or delegate it to professionals.

Drawing from your professional experiences, I am keen to understand how you typically support investors who encounter similar challenges.I appreciate any guidance and expertise you may offer in this regard.Thank you for your consideration.Warm regards,Tim Christian