How long ago did you acquire the property?

However, this is a great way to access markets all across the country that offer decent returns to acquire long term hold properties. 

For the past 13 years I've been investing in and acquiring single family properties through Tax Liens and Tax Deeds.

Can someone tell me what kind of insurance I need to acquire for my Airbnb property?

@Marcus Welson I am not a CPA nor accountant but i think it is pretty clear as already said you can't deduct a loss of more than you Basis (cost) to acquire the asset. 

@Matthew Rolf I know the post said wholesalers but we acquire multifamily that we self-manage and also do 3rd party management, based in the Apopka/Wekiva area with our office in Baldwin Park.

Purchase price: $18,000 Sale price: $28,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Rodney Lomax, successfully acquired a property on Windsor Dr, Saint Marys, OH, for $18,000 on 8/12/2024.

Their coach told them to specifically seek out these deals believing they can only be acquired with these seller finance terms and wasn't even aware construction financing existed that could easily take down this particular deal.  

I would highly recommend passive investing which will allow the experts to take the risk and acquire the debt and manage the toilets, tenants and trash.

I plan to acquire an STR property in West Africa.