Readers should seek professional advice.

But still, I think it's a bit too high.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I also do not take any money from my rentals as I’m in the growth phase with a W2 and low personal expenses. 

Looks like a young group of professionals with not enough experience, navigating through various market cycles to produce an accurate  business case.  

I’m a broker based in Charlotte, NC, and I work with Compass to support investors in maximizing their growth strategies.

My tax professional is stating that I would need an appraisal to show the lot/structure are valued at $400k if I try to claim $200k as a donation.

Hi Craig,After managing hundreds of properties and investing in 30 rentals myself, I've found Florida to be a great market for long-term rentals, especially in areas like Tampa Bay where there’s steady growth.

I suspected growth would happen.. so this was a 150k play. 

Also makes it look professional when a potential renter comes to look at it.

Readers should seek professional advice.