Tax + bookkeeping field notes from a real 5-property STR operator. REPS, §469, cost seg, Schedule E — what actually works, with citations.
Real mistakes from running 5 short-term rental properties across three states. Non-contemporaneous REPS hours, mortgage-payment misbooking, and occupancy tax hiding in "revenue." Each one costs operators real money — here's exactly how to fix them, with IRS Pub 925 and Schedule E citations.
Read the post →Deep dives on §469 material participation tests, cost segregation for STR operators, and how to prep Schedule E from real books.