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I'm Daniel, a complete newbie in this field, to be quite honest.

Is this true?

This is such an awesome story to hear, and I really admire the way that you are looking at your coaching program from the perspective of how you can help others and do what you love, while keeping the program accessible and affordable. 

Background: I offered on a condo (still a newbie to investing myself, although this would make my third STR and second in one market), and the same day a second offer came in, higher.

I'm not sure if I should reach out to the seller directly or if I should work this through a broker.

Also, I won't do any buisness this year through my LLC so will I still have to file? 

I brought a partner into this deal to get it done, I will be funding the rehab portion of this Fix and Flip deal.

Hey James,That’s a solid question, and I’ve seen this scenario come up quite a bit.

I have not heard of an extension as of yet.Your 100 hours is related to material participation for STR not the real estate professional status, they are two separate items but in a way can be connected (kinda).I'm not sure what you mean by "sell it for no bonus depreciation recapture" because you are required to take depreciation, if you don't the IRS should calculate your tax as if you did.Your head is in the right place and I wish you luck but would highly recommend consulting with a tax professional before proceeding if this is your plan.Best of luck Dennis!