The surrounding area was exploding with 500k-1.2M homes, and this small quaint town offered a lot of local charm with a double lot we purchased for $12,000.

The form itself has a column for Fair Rental Days and another column for Personal Use days next to each property.This article, albeit dated, takes you through some of the historical reporting issues surrounding the situation you described:https://www.thetaxadviser.com/issues/2012/may/hagy-banner-may2012.html

It's sort of a blue island surrounded by redder (or at least, more purple) environs for a couple hundred miles in every direction.

This may be a really naive question, but it got me thinking, is it more attractive to a rent a home in an area where most of the surrounding area owns?

I really like the idea of a multi family property in the Dallas/Ft Worth and surrounding area.

Hi Jeremias,Seattle does have regulations surrounding STR’s in the city.

I am more of an investor than an agent, I also wholesale in AL & FL.If you are looking for deals in Dothan, surrounding areas or even the greater Alabama let's connect!

But these were the biggest lessons I could think of to date, where I'd go back and tell them to my younger selves.Couple tips...SURROUND yourself with like minded individuals! 

@Richard A Rodgers I am licensed Realtor that works in Tyler and the surrounding areas!

But a lot of the time the surrounding houses have been sold quite some time ago, and they are incomparable when trying to use appraisal rules.