I would like to start close to home as I plan to self manage the rental side of it.

This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

I'm planning on doing a str loophole so low priced str won't work well for me 

Would love to hear your plans. 

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

But if you lay out your plan to the owner over the phone, it's very hard to get a "yes" because trust is developed with a face to face meeting.Trust can be established by talking about your past record (as an investor) but also if you have something positive about yourself (profession - real estate agent, nurse, teacher, fireman, doctor - any profession that can give you some added credentials).#4 Owner vs.

This strategy balances tax efficiency with proper estate planning.

We just love the country and plan to visit often and figured why not expand our business into Japan.

I'm finishing up an ADU garage conversion in Downtown Sac and plan to do medium term rental for travel nurses.

Quote from @Patrick McCann: Hi Justin, I'm also a househacker in NH currently living in my duplex in Dover, NH with plans to search for my next one in the near future.