If you place the property in rental service this year, then you can start depreciating and deduct all your normal rental activity expenses.

I do not have much experience in this field at all, but I have read quite a bit on the investment side and have a lot of motivation to become an active individual in this field and do what it takes to succeed as an investor.

Thanks for introducing yourself Lacore, it's great to see that you've been active on the site.Thanks,-Michael

When they called my business model intentional fraud with jail time, and said they are actively going after guys like me, I decided it wasn't worth it.

I want to get active in my investing, but I want to make sure I cover my bases.

The main activities to manage a Short Term Rental are:1.

We are active in several TN markets including Montgomery, Robertson, Davidson, Cheatham, and Dickson counties.

My frustration right now is having way more money/funding to buy properties than I can find, however I'm not actively looking locally right now either. 

This is pretty informative discussion that you may find beneficial as you sort things out:https://www.biggerpockets.com/forums/51/topics/527...There are several of us who specialize in Solo 401k and are active here on the forum, you should reach out and speak in person. 

The reality is that if you engage in a prohibited transaction in June and your reviewer discovers that in November, it is still a prohibited transaction and there is no undoing that fact.