I've gained a lot of knowledge and support from the community of investors with various levels of experience.I wish you all the best on your journey !

They can handle bookings, cleanings, and guest communication, so you’re not always on call.Also, keep in mind that some areas have specific rules and regulations for short-term rentals, so make sure you understand what’s allowed in any location you're considering.It’s great that you’re eager to learn, and with the right strategy, STRs can definitely help you gain more freedom.

The good news is that in these types of cities, there are significantly more properties for sale (albeit at lower price points), and you can gain traction with a few houses per month more easily than in tougher markets like Tampa or Dallas, for example.

We are currently paying down most of our bad debt to put us on a better position to buy, and gaining more knowledge in the process.

It is an unrealized gain not income.   

If not, the way you build trust is to take a step back and gain some experience investing first in some way shape or form.Then you want to assemble a team who have the experience in all the aspects needed to make the proposed project successful.

So, the seller would be gaining ownership of the house at an exchange price of $352,000.

You may show losses that can be carried forward and offset future capital gains.

My goal is to create cash flow and gain financial independence to where I can leave my full-time job.

@Alexander F PollockYou may lose a tax benefit of a stepped up basis for capital gains purposes transerring interest away from her parents.Also consider conducting a judgment searches on all parties to the transaction to confirm there will be no title problems for would come up when the LLC sells in the future because you will not have title insurance to cover prior owner issues.