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Updated about 1 year ago, 11/19/2023
SC vs NC vs Puerto Rico
Hi all,
We're looking into potential STR markets and trying to better understand the different tax laws and benefits to one area versus the other.
We are considering NC, SC, Florida and Puerto Rico.
My questions are…
-Does anyone have a suggested website or breakdown on taxes for each state, including which state is best for STR?
-Are there any exemptions or tax breaks if we occupy the STR property for 1 week or 2 weeks per year for example?
-Which state would you recommend for our first STR - best state/area tax wise, rental income potential and best area in general to invest in our first investment property?
thank you!