research market data for the top and bottom averages of property value appreciation data in your area to find out if it's worth it to you.

Hey Kendrick, we use Propstream for property data and Smarter Contact as a CRM for text and voice campaigns.

If you do not have data/comps to find out your post renovation value, that ads a huge risk, and makes the move less valuable. 

look at other STR data in the area and do similar style to do your best to recreate similar results 

I have not had an issue until this week on Airbnb and I'm going to use the Wynd data as evidence since there was no physical evidence so we will see.

And a refinance will have fees attached to it which makes this even less attractive.3) Just because you are not a professional test doesn’t mean you can’t add value.

If you aren't actively participating (7 tests, you need to meet 1) in the syndicate, with REPS status or without, this would be very challenging, for the reason mentioned by other tax pros above.

Rental income that is treated as business income, can be converted to non-passive income if one of the 7 material participation test are met and the taxpayer qualifies for Real Estate Professional Status. 

Some are basically renting out bed space and require tenants to sign an agreement to stay clean, and be tested upon request, with failing the test potentially leading to immediate eviction.

I’d look into historic appreciation data for the area before making a decision.