Congrats - would you ever buy in this market for pure investment purposes or do you think its mostly just a good market for a owner-use vacation home?

We appealed property taxes for a bunch of our rental properties in Georgia back in 2015, and it was one of the smartest moves we ever made!

Especially if you’re interested in finding off-market gems.About your first few questions when it comes to bank accounts and loans, there’s no special “land flipping” bank account, but you want one set up specifically for your real estate activity.

Hey everyone, First timer here to BP but already loving the networking and knowledge in this group. 

I've found that cost segregation companies don't always do a great job and will miss  things even though it is something they specialize in. 

@bobstevens is into the S8 thing, hopefully he'll check in.

I have just begun my journey in real estate investing.

The unit is free-market, and I haven’t raised the rent since they moved in back in 2021.

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.

Managing that many personalities in one space can be difficult.I also recommend you set aside money as if you were paying rent.