@Fulati Paerhati, sounds good, I sent a connect request with some additional information for you to consider.Look forward to connecting.

Instead of spending years learning by trial and error, working with a coach or mentor can allow you to accelerate your learning curve, gain confidence, and achieve your goals faster.

You said you can't sell now, but want to wait for the equity gain.

@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.

Forming a business to protect my assets is an area I need to gain more knowledge in.

Additionally, the supply of homes for sale is constrained because of this and will be for some time putting upward pressure on prices in most markets.Thinking about renting your house in Seattle would be wise as someone else will pay the mortgage down, and rents and the value of the property will go up over time.

So by spending $42k I collected an additional $75k over 5 years, and then sold the furniture through a consignment store collecting $8k as my share.  

Bureau of Labor Statistics (BLS) confirms Texas added the most jobs in the nation from December 2023 to December 2024 with a gain of 284,200 nonfarm jobs, significantly ahead of all other states.

There is no current tax on rental income and capital gains.

Make sure this enough gains to make it worth worrying about.