With the abundance of short-term rental options available, property owners must stay proactive in promoting their listings to attract potential guests.

This is known as the "final disposition" rule.In summary, after paying the depreciation recapture tax, you can use the remaining passive activity losses to offset a portion of the capital gain, and any unused losses can be carried forward to offset future passive income or potentially non-passive income after the final disposition of all passive activities.

San Antonio is one of the markets I look at, so we could potentially look for deals together as I happen to have a similar buy-box. (8-50 units) I will do my best to share what I've learned so far if you want or need.P.s.Go Spurs Go!

With a planned 5-7 exit, there is potential to be "upside down". 

It won't be the highest return on investment but you can probably get better returns than the stock market at potentially lower risk if you do it right (money secured by real estate). 

It would be VERY deal specific and its good to be as up-front as possible with any lender you work with to lessen the impact of any potential implications there may be.Good luck!

I am considering doing fixer uppers so it could potentially benefit me.

The function you require would make the difference on any potential referral.

Have been doing some initial research into Multi-family, buy-and-hold, (>,=2 units) in the Chicagoland area (mainly western suburbs, Brookfield, LaGrange, Downers Grove, Wheaton, and the like) and found some units with potential.Here's my current question:I've found a property that I believe has some potential.

Right now I'm looking to build up my knowledge, meet some people who can give sound advice, find some potential suppliers, and find some deals.