Any advice where to invest?

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.

HOA's can be a negative so be sure to check the HOA regulations to see if they have any rules around 30+ day stays.

What are you trying to accomplish, and what have you tried so far?

What happens if the tenant takes an extra three days to move out?

At the end of the day your objective is to prevent liability events from occurring and if they do, to be prepared.  

I spend maybe 15 min a day engaged in the operation but it has not always been that way. 

Hello, I recently listened to a podcast with Mindy and Scott.

Welcome to BP!

I listed a rental property on Zillow and paid for premium exposure to increase visibility.