STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

What do you mean you are paying $400 additional dollars more than what you are paying now?

Additionally I would add a benefit for you is that you're in great area to be able to invest locally and can invest in your own back yard as they say.

What are the benefits of SUB 2 financing a property?

If you could be so kind, please provide me a list of benefits I would gain with a Property Manager.Again, thank you for your feedback.

Suggest you check in with him/her on this additional service as your attorney is already intimately familiar with the file and you can often give them pre-authorized amounts to settle on vs trying to squeeze all the blood from that turnip. 

Principal Paydown:  Cash Flow:  Tax Benefits: Savings from depreciation and interest deductions.For a deal to make sense, at least three of these components—home appreciation, cash flow, and principal paydown—need to be strong.

In addition to being illegal, if we had not caught this, (thanks Diogo!)

Regarding the payout inefficiencies, I remember the nightmare that some folks were experiencing with state unemployment benefits during Covid.

I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals.