![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/937071/small_1621505860-avatar-austinl55.jpg?twic=v1/output=image&v=2)
30 January 2024 | 8 replies
Either way, I would engage the services of a tax professional as you do need someone to help you maintain your books if you haven't done so.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2740061/small_1683847237-avatar-derekt125.jpg?twic=v1/output=image&v=2)
31 January 2024 | 10 replies
What was your involvement - passive vs non passive?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2481096/small_1697072972-avatar-genep44.jpg?twic=v1/output=image&v=2)
30 January 2024 | 6 replies
Buying as/is, often site unseen, non-refundable EMDs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1073050/small_1640873491-avatar-chrisbaber.jpg?twic=v1/output=image&v=2)
30 January 2024 | 23 replies
I'm trying to finish a second, and am seeing that I might not want to take the time to keep adding units to manage myself.In my search I ran across vacasa as a full service management company, which "guarantees" I'll make as much with them as I do managing myself.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2898616/small_1702923770-avatar-justinw783.jpg?twic=v1/output=image&v=2)
29 January 2024 | 12 replies
Spend more than 500 hours on the short-term rental business.Do substantially everything for the short-term rental business.Spend more than 100 hours on the activity, with no other individual surpassing your time commitment.Engage in a significant participation activity for more than 100 hours, with your combined activity in all significant participation activities exceeding 500 hours.Participate in the business for five of the previous 10 taxable years.Engage in a personal service activity (non income-producing) for three of the previous taxable years.Demonstrate regular, continuous, and provable participation in the business for more than 100 hours.If these benchmarks are met then your income would no longer be considered passive but active and any losses could then be used to offset other active income ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2897288/small_1702925565-avatar-bostonc9.jpg?twic=v1/output=image&v=2)
29 January 2024 | 3 replies
Just because the services file and IRS form doesn't change your reporting.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2904396/small_1703641664-avatar-alfreds41.jpg?twic=v1/output=image&v=2)
30 January 2024 | 13 replies
Smith If you could throw my company name out in the mix too in the future ;) I've got over 80 ALL 5 Star Google Reviews with amazing customer service and 100% success on our loans with wholesalers.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/594229/small_1621493375-avatar-sarahb41.jpg?twic=v1/output=image&v=2)
24 August 2016 | 3 replies
I am a new investor and less than a month after I purchased my 2 family house the code enforcement officer told me my second unit attic was illegally finished with no permits and is not up to code. Since the attic is...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/258503/small_1621436848-avatar-robh2.jpg?twic=v1/output=image&v=2)
24 August 2016 | 1 reply
Not bad condition at all, no copper missing, 200 Amp service.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/476217/small_1621478366-avatar-alexy4.jpg?twic=v1/output=image&v=2)
1 September 2016 | 6 replies
Many of them charge an additional fee over 10 feet, and some are scammers just looking to get in your house and try to tell you that you need a whole bunch of other services (that they can provide for an additional fee).