My understanding I can not depreciate it in 2022.

But her name is not on the properties.As I understand, we don't get any advantage in the real estate losses against my W2 income.

If you have solid systems in place, they can be as handoff as LTRs with a little more front end work.

My income is difficult for an underwriter to understand.

@Ben Omonira, I don't understand how a lawyer will help much with these things.

I would connect with top realtors in your market who understand the value of working with a wholesaler and try to figure out their buyer network.

We understand there are 0-3% DP programs, but for the purposes of this post, we are not talking about those.  

Your friend shows good sense and should maybe find a different advisor to help him find money.Knowledgeable private/hard money lenders understand that owner occupancy has virtually nothing to do with making a business-purpose loan.

Building a duplex or triplex for house hacking could be a solid investment strategy, especially considering the potential rental income and your ability to live in one of the units.

Understanding these rules is essential for investors seeking to capitalize on the short-term rental loophole while maintaining compliance with tax regulations.