My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

Love the strategy of doing the work that so few others are willing to do.

Tax-deferred strategies like 1031 exchanges and refinancing allow further tax-efficient wealth building.This post does not create a CPA-Client relationship.

These experiences shape my growth-mindset and value-first orientation, ensuring I bring a unique perspective to every deal.Personal Insight:As a father of six, I understands the importance of balancing family values with sound investment strategies.

Despite no additional renovations being necessary, our efficient strategy and swift turnaround led to a same-day sale at $225,000.

I'd argue that there are very select zip codes where this strategy works.

Of the many strategies I've looked into, House-hacking and short-term rentals piqued my interests. 

Quote from @Lorenzo Lopez: Hello all,I am trying to do my first deal/buy my first MF property but I haven't been able to move the needle.I am focusing on Small MF (2-4 units), with a value-add strategy.

All strategies can be lucrative and all can be costly.