By using short-term rentals (STRs) at the end of the year and switching to mid-term rentals (MTRs) afterward, your clients could indeed bypass the Real Estate Professional (REP) status requirement.

Plus, renting by the bedroom offers more control over tenant turnover and higher overall rent.For other investors or house hackers, this strategy could be a real game-changer.

Happy to send it directly if someone wants to DM me.The guide is unattributed and has no promotional content other than on the last page there is a brief mention of the RI Coalition of Housing Providers (a landlord advocacy group which tried to work with the legislature to mitigate the challenge of this new law) and RI Real Estate Investors Group (a networking and education group that has educated RI landlords on new laws like this since 2003).Hopefully everyone reading this is already aware of this new law and has already submitted their info to the new registry!

The biggest lesson was that with the right partner and plan, even a first-timer can achieve significant success in real estate investing.

Hey Nate, it makes sense to continue building out your investment portfolio in Milwaukee, but if you're looking in the Midwest, I recommend you make sure you get very familiar with the market you're interested in and build your out-of-state team first such as an agent, property manager, lender, and contractors if you're planning on house flipping.I recommend checking out Long-Distance Real Estate Investing by David Greene, where he takes you through how to properly invest out-of-state. 

@Stacey Wells This post troubles me & sounds like the rhetoric the social media real estate gurus teach.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

Unless the place in an amazing location that couldn't support a full size home, you are better off doing a regular place.A tiny home isn't considered real property.

There's many paths to grow your real estate portfolio just make sure you pick the one that is right for you and remember this real estate game is a long term investment. 

If you are in a trade or business, you may potentially be able to write off costs to attend a meetup, and meals while you attend.The purpose is justified as you are trying to build connections which is required within the real estate space.The costs of the meals have to be reasonable.