I specialize in STR's along the coast and have had a lot of success with MTR's for medical professionals as well.

As long as one person is a real estate professional, you can usually use rental losses offset joint income.

East NashvilleWhy It's Hot: This trendy neighborhood is popular among young professionals and families seeking a mix of charm and modern amenities.

@Sendil Thangavelu you really need to hire a professional property manager or real estate attorney to help direct you in the right direction from now and the future

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Rufo  Also consider the fact that when you switch from STR to LTR or the other way around, you will need your CPA/tax professional to do the IRS' 3115 change of accounting form to go from 39-year depreciation for STR to 27.5-year depreciation for a LTR.

Readers should seek professional advice.

If I would have paid more, I would have bid more)They made a mistake and thought it was a different property (there are several with the same roadname but not the same Parcel - and this was professional who was bidding on several properties)Can anyone clue me in to what the heck is goin on here? 

That easy question to answer will be a really great litmus test in your due diligence toolbox.If you are evaluating a REIT, it would be wise and prudent to do your homework and select the appropriate professional to guide you.

Having a safe forum for LPs the share their experiences is needed.Cheryl  In EVERY business there are two kinds of market participants; the people/companies in it for the long haul, through both good and not so good economic times, consisting of EXPERIENCED, PROFESSIONALS whose careers are dedicated to and dependent on fulfilling the needs of their clients/customers.The other type of participant are in the particular business because it’s OPPORTUNISTIC for them to be in it AT THE TIME.