These minor tweaks won’t cost you much, and I’ve seen them help properties in Phoenix and Chicago stand out, even when the paint is a tad faded.So what’s your take - do you think guests these days actually prefer a hint of authenticity over a picture-perfect exterior?

I have not every purchased property in Canada, but my wife is Canadian and I've seen some of the issues her family has had to deal with.  

To defer all tax you must purchase in total at least as much as your net sale.

But unless you get a value-add property, purchasing real estate really doesn't make much sense in this environment?

I have a couple of buyers that will purchase without due diligence.  

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Was that purchase money, rate and term refi, or cash out refi?

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.