More rental income than a long term rental (LTR) but less than a short term rental (STR) property.One thing to keep in mind is you are responsible for furnishing and maintaining the property and you might also be responsible for utilities. 

You will not get all of the liens confirmed - there can be HOA liens, tax liens, utility liens, anything.

Basically, you are being paid for a job.Or you can hire a PM (be more passive) and have income after expenses (PM, utilities, furnishing costs, etc) that is comparable to LTR income.   

I respect it, a lot of people buy in markets they are interested in so they can get some utilization out of the property too.  

Partner Driven utilized its expertise in deal structuring and the local market to flip the property quickly at a higher price point, demonstrating our ability to maximize profits without heavy investment.

My question is, if this is not the best market to utilize that strategy, what strategies are you finding the most succuss with?   

Make sure you have your contracts reviewed by a real estate attorney to avoid any pitfalls.Step 3: Utilize Business CreditWhile building personal credit is a must, consider establishing business credit simultaneously.

Also, if you are buying a distressed property many times they cannot be inspected fully because utilities may not be turned on and you are fixing so many things already there isn't much risk in whatever they might find anyways. 5.

If you have to go through the utilities companies for city hook ups or gas or electric?

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.