To qualify, you must meet material participation rules (100+ hours and more than anyone else) so that rental losses can offset active income.

As for the rest of it, you can find a lot of useful tips on past forum posts along with podcasts and youtube material on the topic (BP and other RE sources).We've self managed STRs for a few years.

If this stretches to 9–12 months, holding costs could climb fast.I like your point about tightening the rehab costs, I think there’s room to bring it closer to $100K with the right contractor and materials.

You should split the costs - labor and materials together.

Yes, there isn't much involved here either to teach HUD classes, the material is prepared, you teach it.

- And more...Let's move past all of the above and focus on understanding and monitoring maintenance charges PMC's bill to their clients.There are two basic components of every maintenance bill, labor & materials.

Your roof and exterior material?

The tariffs are another thing that's gonna significantly raise material prices.

Material Misrepresentations: Norada Capital Management's misleading claims include:a.

Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.