Unless you tell your friend to work 100 hours and you work 101 ;) According to prior tax court cases, travel time does NOT count toward material participation time.

I am curious what tax benefits I can claim, if any, specifically:1. 

@John FongCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

actual insurance, actual taxes, actual utilities, actual capex. 

I got a house and have been house-hacking with Air BnB, now is the time that I'm looking for doing the taxes with my W-2 and the Air BnB income, does anyone have any recommendations on an accountant in the upstate South Carolina area that is familiar with doing taxes for real estate investments (ideally specifically short term rental). 

4) Applicants over 18 - what about full-time college students still being declared as dependents on parents' tax returns?

My worst case scenario became a reality last night.  The neighborhood HOA passed a motion to limit the number of rental properties.  I just leased my home which was a primary residence last month.  The max number of h...

This is a capital gains tax free sale of your personal residence ( up to IRS limits ) and not a loan that will affect your DTI ratio.

When you die, your heirs inherit the property at a stepped up tax basis capturing the equity tax free.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.