It's even better if you've done it with land that was purchased at an auction!

I have not gotten anyone to complete the prequalification form even with all the people that have asked about its availability.

Current tenants are coming up 3 years in the house with no plans to move.

@Peter Taylor, I have worked with several wholesaling outfits in the Portland Oregon area.

Once you’ve identified STR friendly locations, figure out your financing with your brother to help narrow down your price range and market options.

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent. 

-AdrianI am quite pleased with my Capital Square DST.

The IRS is concerned with the tax return that is reporting the activity of the property. 

Approval and Adjustment: If approved, the exemption reduces the assessed value of the property, thereby lowering the property taxes owed.Let’s break it down with an example:Suppose you purchased an investment property for $1,000,000, but its previous taxable value was $700,000.

I would engage with a lender to see what your situation looks like and if you're in the right path.