Additionally, the limited rental period may not significantly impact the gain, but it’s essential to confirm whether any prorated exclusion applies or if the IRS rules regarding converting a primary residence into a rental property could affect the tax owed.

I am reaching out to explore potential partnerships that could impact the real estate market I'm specifically targeting in Florida (not Fort Lauderdale).  

However, you’ll need to ensure that the reduction in cash flow doesn’t significantly impact your financial stability or increase stress levels.

Bonus question: what kind of impact does this have on my taxes and how do I file this?

This is a great way to make a significant impact in your community and provide a new stream of revenue in the mid-term rental space.

That impacts your ROI.

PS if you're really fired up about starting your journey, take a look at our BPCON 2024, it's in Cancun October 6-8th and it may feel like diving into the deep end but making that investment in yourself and your REI education can make a monumental impact as you get started!

Doesn't make sense to me given that typically ROI includes the impact of appreciation as well as any other financial benefits.

With interest rates on the rise, how has it impacted your ability to sell properties in Texas?

My continued success and those in subto will not be impacted from you not joining a community.