Under this rule, if your average stay is seven days or less and you materially participate in managing the property, you can treat it as non-passive income and potentially use tax losses (like depreciation) to offset other income.

Updating the interior is costing me $63,000 for demo, installation, and materials.

I own a GC company and have guys with plenty of ground up/new construction experience so I'd save labor and material costs.

I used to work in the area, not personally investing there, but I have helped handfuls of investors secure financing in Dutchess and Ulster counties, I do know it’s seeing some heightened interest from investors due to its proximity to the ever-expanding NYC and relatively lower property prices compared to alternative areas.

I don't hear many people talking about this as an alternative if your employer is not matching 401k and you want to be more active in your investing approach long term.

If you mount the new beam below the ceiling $1500 material labor...if you put it up into the floor joists above $2500-3000 (meaning so you can't see the new beam once the ceiling on the drywall is repaired)  Figure another $65-70 per sheet of drywall needed for repairs. 

flipping is very tough right now - materials are expensive, good contractors are booked up, interest rates are high, buyers are picky. 

I am wondering if there are alternatives that I can explore myself without incurring that expense.Your input will be greatly appreciated.

It’s also not as cost effective to just upgrade one unit when it’s vacant because then you lose economies of scale and in the instance of materials things may not be available over an extended period of time and you may end up with mismatched windows or something.

In fairness to her, he was not looking like CEO material.