I love it when strangers on the internet tell someone that it is a bad idea to take $220k in tax free cash.

Fourth, avoid the new age internet marketing sponsors promising the highest returns.

Just because some dude on the internet did it one way does not mean that you also should.

I told him I'd gamble that there's no one who even knows that restriction exists to enforce even if an heir lived in the area...the way to legally eliminate them is either get the beneficiary to record a new document (possibly a QC deed) to eliminate their restrictions, or pursue a Quiet Title if you think the person is no longer around or their heirs are not identifiable. 

Nick,I recommend "Certified Tax Coaches" and "Certified Tax Planners".Do an internet search for those designations "near me".They have tax-saving strategies that most tax preparers have never even heard of.PLUS they specialize in real estate.Good Luck!

If you're asking for free advice from a stranger on the internet, I'd encourage you to find a different STR market unless you want to have a place in Kissimmee for personal use.

Furniture, mattresses, pillows, linens, towels, bath mats, soap dispensers, hair dryers, iron, ironing board, vacuum, a FULLY stocked kitchen, TVs, cable, internet, rugs, outdoor furniture, hot tub (maybe?)

.$5500 income Minus $550 (10% for property management that coordinated cleaners, some maintenance, restocking, communicating with guests which I took over eventually because I was much better / more invested in it.)Minus $300 for bills (water elec cable / internet gas)Minus $100-150 for each clean Remember you have a 5 bedroom house and your 15 guests just spilled beer all over the place, dirtied the **** out of the kitchen and all the bathrooms, tracked dirt in the house, and maybe smoked weed inside And you have to strip all the beds and sheets and everything and remake everything / restock everythingThat’s a 3+ hour job for at least 2 cleanersNow you can find cleaners that are cheaper, but will they do a half *** job and hurt your ratings (this is common in volume Airbnb businesses), be able to show up consistently and on off times (Friday at 11 am and then also Sunday at 11 am).

So many folks will scream that buying negative cash flowing RE is "gambling".

The moral decline of humanity indicates it will be used for more evil than good. originally, when some group of us is creating and developing internet back then in 1990-ish, it is just as purpose to connect the knowledge and technical information between computer science student ; back then everything is good.things going awry when bad guy like mark zukerberg started making facebook,instagram, tinder and all these bulllsh*t that destroy the society.this AI tool is extremely useful for invention actually, it's useful for technicality , to create product that help humankind.but guy like Mr.