This project required the complete replacement of the sewer system under the home and from the home to the city tap in the alley.

In December, my wife and I bought an old 1984 3/2 split level home with a walkout basement in a great area of Raleigh NC and spent the next 5 months renovating it, spending a little over $40k and pouring every ounce of energy and time we had into it.

We purchased the home on 11/24/2021 for $200,450, invested $16,000 in renovations, and sold it for $319,000 on 7/8/2022.

Depending on the specific Cap-Ex on the Triplex, we might be able to remove that when calculating your income and either improve the loss or actually show some income.

One other question I've been researching is that if I simply use a bedroom in my home as an Airbnb to allow passive losses to become active, does that affect the rest of my rentals?

I did demolition for a single family home builder who used to do septic and well and they said they were transitioning everything to public utilities only and we tore down 3 homes they built 15 years ago that were on a ground lease. that was in columbus ohio but I couldn't believe it. your property values will be lower than traditional 

Improving your terms or not cash out on some of that equity to reinvest?

This methodology is advantageous for taxpayers since this does not involve filing amended tax returns.Other things to consider bonus depreciation, Qualified Improvement Property (QIP), and 179.

It further needs a zoning variance which I know I cannot get because the local home owner's association opposed an approval beyond 2 families.

Can I occupy the home using a conventional loan at any point?