Originally posted by @Quinton Bogle:@Bjorn Ahlblad without the LLC can you still use depreciation You can.......an LLC has no impact on your tax return-it is known as a 'disregarded entity' for tax purposes.

You also aren't going to make enough money on $2,000-$3,000 to have a meaningful impact on the time it takes you to save unless you get incredibly lucky, you could also lose a bit of ground as well as stocks don't always go up over the short term.

However, I have always found it most impactful to find a strong mentor who can be used to answer question and bounce ideas off of.

Run the numbers and see what get’s you the best return, including the tax impact.

I pay HOA ($100/year), otherwise tenant pays trash, water, electric, cable/internetSomeone mentioned it impacting your credit??  

I look for up and coming neighborhoods in cities that have strong economies and are not heavily impacted by a downturn.2.)

Location, climate, influx of people, culture

The TYPE of property will certainly have an impact on what type of loan options you have.  

Ive been trying to start saving young and trying to get ahead and really start making an impact on me becoming financially independent one day.

I care about neighborhood character, a sense of community, and affordable housing, and I think STRs have the potential to negatively impact all of those things.