But if you have a self-directed IRA or 401k, keep this strategy in mind, as it could potentially save you hundreds of thousands of dollars in taxes.

I just got done making a YT video on the subject, so it's fresh on my mind.

My focus is on identifying value-add opportunities and managing properties to maximize cash flow and ROI.I’m here to connect with like-minded investors, share insights, and learn from others in this amazing community.

Condos are cheaper than houses, and to my mind, a vacationer wouldn't care much about staying in a bigger place for their short stay, and would be more concerned with a good location and a nice view.Thoughts?

When we miss, even a little, we don't mind being held accountable, fairly.  

I currently own rentals in Charlotte and Tampa and those were purchased with potential for large appreciation in mind -- not so much cash flow.

In my mind this all goes back to RISK.  

However, keep in mind that tying your primary home to an investment carries inherent risks, especially if the flip doesn't go as planned.

I never mind helping to provide the benefits of my experience and knowledge to someone.  

You have to start with the end in mind and don't sweat the small stuff and the inevitable inconveniences owning RE will bring.