Not worth the hassle/risk to claim.

Taking a property intended for a flip and turning it into a rental or vice versa have historically been viewed as the most common pivots but sometimes the best course of action is to sell, even at loss.

You'll waste too much time viewing duds.

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

Let's say you did own the rental in an LLC, would that change the way insurance companies would view this?

However that data is not necessarily worth a damn.

I have personally owned over 200 cash flow rentals and sold them as it simply was not worth it..

See the 2022 aerial view below.Very little undeveloped private land is left in the Las Vegas Valley, and desirable areas cost more than $1 million per acre.

I talk about the risks involved in investing in rental properties on HoltonWiseTV everyday, and my content has been viewed in the neighborhood of 50 million times.

Ideally, the best option from a financial point of view would be to go through a local community bank.