*I am not a CPA, tax professional or a lawyer*I cannot give legal advice, so all of my advice is illegal advice.As far as I know, section 469 of the tax code is what allows for the "STR loophole". 

Some people make attempts at getting around this buy calling them "marketing fees" or some other obvious attempt at skating the law, but even if there is some loophole or potential way around it, anyone who is willing to pay that fee to an unlicensed person isn't the smartest person in my book because it's very risky, and no upside to the risk of it.

The STR Loophole (materially participate & less than 7 day rental) vs. providing substantial services.  

So why is this called a “loophole”?

While the MTR would allow you to execute the STR loophole strategy you’re looking for, at least it’s an exit strategy which is always good to have.

There are a lot of loopholes the city can use to keep people from doing a STR.For example, an up/down duplex.

Are you trying to take advantage of the STR tax loophole? 

Since it’s so close to the end of the year, I’m wondering if anyone else has had success with the STR loophole requirements and material participation when acquiring a property with only two months left in the year?

Wouldn't the loan be able to be called due in this case or is there a loophole?

Looking to use the short term rental loophole.If I use the short term rental loophole for my STR, I material participate and do a cost seg study.Can I take the value of the building in the first year as depreciation and write it off against my wife's income?