I will take that as good advice for myself!!

My understanding is that if you provide 'hotel-like' services, provide sheets and towels, and your average stay is less than 7 days, you can use Sch C instead of Sch E like most rentals.You got good advice here, but definitely do not trust what your Tax guy says, because they just don't know.

I appreciate the community here and any advice.

Any advice.

I am writing to seek professional advice and guidance regarding a matter concerning my recent apartment purchase.In August 2023, I completed the purchase of an apartment, which has since become entangled in a series of complex issues.

Once again, thank you for responding and providing great advice! 

A friend's advice.

Any advice.

Additionally, consider other factors such as potential appreciation, tax benefits, and long-term wealth-building potential.Lastly, don't hesitate to seek advice from experienced real estate professionals, such as real estate agents, property managers, or mentors, who can provide valuable insights and guidance as you navigate your first investment. 

Hi Bigger Pockets Community,New member here...Im looking for some advice on whether I should be classified as a REPS or not for 2023 Tax year as my CPA isnt much help on determining if I should make this designation.