As we kick off 2025, the real estate market is continuing to evolve, presenting both opportunities and challenges for investors.

Understanding STR regulations in a market is an essential "must do" when it comes to evaluating a short term rental.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

The "best market" is less about the market per se and more about the deal you're able to find in my opinion.

Investing in the market that you have knowledge of and the economic factors that support it is necessary. 

Look to buy off market.

.: Quote from @Don Solt: Hi folks, As the topic states I'm looking to learn everything I can about the City of Philadelphia and its real-estate market.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The seller can supply everything they used to market, pictures, ad copy, etc., but they cannot sell their AirBnB account to another person.

I would never let a client purchase in certain areas of my local market....