I’d love to hear from those with more experience to see if my observations align with yours and if there are tips for managing costs or maximizing the benefits of mid-term rentals. 

Looks like you have done this a few times. :)@Ronald Rohde  yes, I can get a 5.75 -6% with my local bank.

Hi @Paul Rook, I don't have any experience with the company you mentioned but a handy resource for homeowners to check ANY contractor or trades person is lni.wa.gov.

On top of your general inspection, this will be the best few hundred dollars you will spend when buying your home....

"Could this be a time to pickup a decent property for a bit of a steal there (at least relative to how crazy high the market has been recently)"Yes exactly

well. lower tax's generally helps RE and business as a whole. will have to see if they come up with something specific like the cost seg rules that are redy to sunset.

I suspect some settings or links were broken in the process.

Lower rates and more flexibilty.

Hey BP,I posted a little about this project in another thread but wanted to post an update here.

Note that if you are married filing joint, only the spouse who is qualifying for REPS is able to count their hours.Step 4: Apply the quantitative testsPer Section 469(c)(7)(B), in order to qualify for REPS, you must meet both of the tests below:750-Hour Test: If you materially participate in a real property trade or business, you must spend 750+ hours during the tax year.More Than Half Test: You must spend more than half of your personal service hours in the real property trade or business in which you materially participate.Step 5: Material participation in rental activities Just because you qualify for real estate professional status does not mean that your rental activities are automatically considered non-passive.