Long term rentals are easier to manage and come with less risk.

For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.

Are you currently self-managing or do you have a management company?

Joking aside, we do believe Lima is a great market to invest in, and we will continue to grow here in both units we own and units we manage!

I currently manage a portfolio of 17 STRs, some are mine, but a majority for other owners.

I managed a low end apartment block for several years. 

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

That means learning how to vet a manager.

Working with Real Estate ProfessionalsLocal Real Estate Agent: Choose an agent experienced in student housing.Property Management Services: Consider hiring a property manager if you’re not local.Inspection and Appraisal: Conduct thorough due diligence to avoid costly repairs.6.

It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.