This might get more views in the short term or mid term rentals forum/s.  

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

Again this requires boots on ground and most LPs will just take word of GP

I will probably be doing 2 more STR's this year.

My goal is to buy more property this year.

We're closing this week on our new duplex, I've found Beaverton to be great. 

Hello All,I have found a few posts on this topic but still hoping for a bit of clarification in regard to this specific situation.I currently have a tenant that is wanting his good friend who is ill to move in with him so that he can take care of him.

This helps?

So, now almost two years later, I've had to close my flipping business because I can not seem to recover from this loss. 

Thank you so much - This is much appreciated !