If anyone familiar with lending law could offer some guidance, I’d greatly appreciate it.Thank you,Mergim That question is worth the opinion of two different contract atorneys in the state the property is in.

I used a DCSR loan and I spent around $30,000 to furnish the property & get a Airbnb ready.

I've got $1M in equity tied up in a rental property that I will sell around June '25 to generate liquid capital . 

Have proper policies for each property and a proper personal umbrella policy layered over the top covering your investment properties. 

So STR loophole there are personal use limitations: To avoid having the property classified as a "residence," which limits your ability to claim rental expenses, your personal use of the property must not exceed the greater of:14 days per year, or 10% of the total days the property is rented at fair market value

I gave her a virtual tour of the property via Facetime tonight and asked her if she was ready for a Minnesota winter, and she told me she's actually from Minnesota and moving back home. 

In short, if I invest $100k on a new property for long term rental, I want to make sure that I can position the $100k fully as a business loss in 2024 reducing  my total taxable income by $100k. 

It's very user friendly and makes diy property management easy.

Around $45,000 in repairs.By late January to early February, we had the property back on the market.

I would like to continue to self-manage this property, but I am open to a management company.