Have you ever recouped your STRs cost with a single rental?

[Paul Sandhu]

I've done it twice.  The first time was with a 3 story house that I rented to a group of 11 pipefitters for about 3 months.  It was a bank repo, so the purchase price was fairly low.  This was about 8 years ago.

Late in 2018 was the last foreclosure we bought.  Started renting it out in the spring of 2019.  One guy stayed a week.  The next group took the place in April and they've been in the house ever since.  It was some time in November when the total rent collected from the 2nd group exceeded the purchase price of the house. They go home on the weekends, it's not their primary residence.

[John Underwood]

I have purchased houses for $1500 via tax sale. I still have some of these properties.

I purchased a house 3 months back for 12K, I put 30K into it an it is now rented for 1k/month. My Roth IRA owns this one so I will make a bunch of money over time that I will never have to pay taxes on.

These are all LTR's.