Quote from @Colleen F.: @Jay Hinrichs if this means what the Real estate agents tell us, the VA is going to have to change the rules or the VA mortgage will die.  

Just be sure to include Sec. 1.263(a)-1(f) de minimis safe harbor election when you go to file your return to be eligible for this type of asset treatment.

Quote from @Becca F.: Great points!

Recently L&I made a surprise visit to the retail store and cited me for a violation of fire codes F-907.1 and F-907.5.1 - ***No fire alarm system inside property. 

@Becca F. thanks for confirming our warning!

For those following a STR rental arbitrage airbnb strategy (or homeaway or vrbo), in which you're airbnb-ing places that you've rented from someone else (with the owner's / landlord's permission, of course): do you report the income on Schedule C or Schedule E when filing your taxes?

Quote from @Alex F.: @Cole Meier-Hollenback Managing an STR is very different than a LTR.

Thanks @John Mckee  - we did end up just giving them a proposal that built in their agent's fee (and then some).This was a good lesson for us - at first we took it personally but then realized that the tenant just doesn't want to deal with (or has no expertise in) deal(ing) with it and they really don't care what they end up paying.

@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

@Bonnie CerrutiHere is a website and ranking system that I have come up with over time.https://www.areavibes.com/Here is my rating & classification for each livability score. 80(livability score) and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F