The deadline to file for properties purchased in 2024 is January 31, 2025 for the benefit to roll forward this year..Other Important ConsiderationsThe exemption doesn’t apply to agricultural property, personal residences, or property assessed by the South Carolina Department of Revenue.Even if you missed the initial deadline, you might still qualify for partial benefits in future yearsHow to Apply for the ATI ExemptionApplying for the ATI exemption is a straightforward process, but it’s essential to act quickly and provide the necessary documentation.

This kind of govt nosiness and overreach is why I initially decided against the financial planning industry before starting in credit. you can thank 2008 and all the fraud that went on for that.

Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

You could do the BRRR method and the sneaky rental method (live in a house initially, then rent it out after, while light rehabbing.)

Try to see the property yourself if you can (was out of state initially).

I want properties to be worth that and higher years after buying them under 200k, not as an initial starting point.

For comparison purposes, I hold ownership units in a LLC that owns a retail/service center where there is a mortgage loan that initially represented 50% of value, now about 35%.  

But, this property was initially listed at $1.6mil and came off the market. 

Hi Justin - It sounds like your Airbnb is performing really well, especially considering your initial intent for the property.

so again in my initial example: Starting with $3000 in debt/$10000 in income(30%DTI)...adding a property that PITIs $4000 and gross incomes(after 75%) $6000...you are telling me that you add the difference only to income, or debt if its not cash flowing?