It's crucial for passives to understand the rules at a high level so that they can be confident in the outcome they are expecting.The final date to get the maximum tax benefit from an OZ investment was 12/31/19.

If I/we travel back and forth to do our own cleaning, repairs, management etc in between bookings, is that considered personal use while I'm there?  

Such eventsare often addressed by a “Force Majeure Clause” allowing a party to suspend or terminate performance when circumstanceswhich the parties could not have anticipated, or which are beyond their control make performance of the contract impossibleor impracticable.The current world-wide Coronavirus (COVID-19) pandemic has had unprecedented impacts on real estate transactions,including, but not limited to, travel restrictions, self-imposed and governmentally required isolations, and closures of bothgovernmental and private offices required to fund, close and record real estate transactions.Accordingly, in the event complying with the Close Of Escrow is not possible or practical as a result of unforeseen circumstancesrelated to the COVID-19, such as Buyer’s or Seller’s inability to travel to sign documents, closings of or delays in relatedgovernment and business services, including for example delays by or closing of lenders, title/escrow, county assessor/recorder, or otherwise (hereinafter “Unforeseen Circumstances”) the Parties Agree as follows.

So while VRBO is steadfastly denying trip insurance claims for refunds to to CV-19, they are simultaneously doubling down on homeowners to make refunds, chiding homeowners and painting them the bad guy.What we are doing as part of our COVID-19 emergency policyA full refund of our fees: We are refunding 100% of the money we make through traveler service fees when you must cancel a trip due to COVID-19, whether the cancellation is government-mandated or because you’re prioritizing the health of your family and loved ones.

But I have a few questions and considering that my accountant is in NY, I cannot really travel between states to sit down and discuss this and ask questions.

Travel Well Richard

Scott Gottlieb, former head of the FDA, to companies in the NYSE.US will soon have massive testing capacityConfirmed cases will grow exponentially now that testing is finally getting rolled outDon't be surprised to see 1000 confirmed cases in a dayBy the end of April to early May, it will start to plateau (depending on containment behaviors that we are currently living)Schools will be closed for this school yearThe summer heat in the northern hemisphere will help to contain the spread, although it will continue to existEvery reason to believe that the southern hemisphere will experience rapid spread as the weather cools (expect continued travel restrictions)The risk posture will improve in the Fall with the following:Point of care diagnostic (local swab testing everywhere - will allow early detection)Therapeutic antiviral drugs will be available (not a vaccine)Monthly injections of an antibody will be available (not sure what this is), particularly for medical workers and members of nursing homesThe testing capabilities that are getting put in place will provide a massive surveillance system to provide early detection until a vaccine is in placeAll of this will make the virus more manageable until we have a vaccineThe virus is very contagious (more than the flu)10x more deadly than the fluEven without death, the hospitalization rate (15%) and critical care rate (5%) are extremely high (we don't have medical capacity without containment)Mortality rate:1% overall4% ages 60-7010% ages 70-8014% ages >801 in 250 to 1 in 550 for some his age (47) - said "that's enormous"He recommended that his parents stay home for a couple of monthsHe also felt that masks should be produced and mandatedThese bullets are subject to my note taking and I am certainly not qualified in this area.

That's just not possible under any scenario other than people going crazy this Fall to make up for their lost travel opportunities.  

If you're going to take the leap, make sure you have some deep connections there and will enjoy traveling there.

Without reading your note, I don't think anyone can answer this question 100% confidently because we don't know if this is an amortizing loan that requires principal & interest payments, or if it's a loan that just requires interest-only payments.