I've done my own due dilligence and I've created my own models that take into consideration all income / expenses applying to Greece!

Hi everyone, I am having a challenge understanding requirements for qualifying PL as a business income as opposite to investment income.

Commercial will be monetized based upon revenue potential's, and fact is affordability in most places is pressing the glass ceiling, or broken above, that affordability measure that will only go higher as median incomes go up. 

We know that it is currently cash negative but given our income from W2, we are able to cover that for now .

It won't face nasty HOI issues other areas in Texas are, property taxes are kind of tough, but the pricing point fits the median income.

From my understanding of it anything you wrote off or claimed as a rental for previous years would stay the same and say your tenants moved out April 30,2024 and that was when you started to convert it to your primary residence then you could claim all your expenses and deductions from Jan 1,2024 up until April 30,2024 and you would claim the rent as your income from that same timeframe.

The RENT is important for the refinance part because lenders will use a percentage, or all, of rental income as income, and make it easier to be approved.

Can I offset my W2 income with this loss or would my net rental income be $0?

It seems however that only listing host gets full tax document  and co-host only gets income provided by listing host.

A couple of questions:Does this pass on to my income?