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Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.

You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.  

LLC will not save you taxes.This post does not create a CPA-Client relationship.

I do know that you focused specifically on the "Triangle" but I wanted to create a conversation.

For example, population growth in certain neighborhoods and increased investor activity have created opportunities for both long-term rentals and value-add deals.If you’re torn between wholesaling and holding long-term rentals, I’d suggest thinking about your long-term goals.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Hi Julia,Do you think the concepts from the BiggerPockets book The Book on Rental Property Investing: How to Create Wealth With Intelligent Buy and Hold Real Estate Investing is outdated? 

As the tax code is concerned all of the costs to create your rental property business (buying it and making it usable for it's intended use) and one in the same. 

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