STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

What is the detail of the home?

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!

@James Wise LOL, Devil is in the details.

@Ryan Bono I don't know the LR RE market at all, but would this be the style of property that would interest you: https://www.realtor.com/realestateandhomes-detail/218-W-13th...?

I reached out to the seller to request details of the repair and asked why this was not mentioned in the seller’s disclosure.

DSCR loans can be helpful for the rentals you have depending on the details.

Without too much detail I had to quit my W2 job 2 years ago to care for my disabled son and my wife is still working.

Maybe you saw this from the Tico Times already, but it lays out mostly depressing details on getting a mortgage in Costa Rica: http://www.ticotimes.net/realestate/25-mortgage-ti...Please post back here if you find anything!