Look for properties in markets that have strong demand for both, within your $350-400K range.

They then did the STR model (with permits) and are able to cashflow a substantial amount.However, this only legally works while it's your primary residence.I've got other friends that used their VA loan to secure the rare plex in Alexandria.

This quick profit flip highlighted our expertise in identifying high-potential properties and executing rapid sales for substantial gains in Pleasant Hill’s thriving market.

Depending on demand in your area that should be feasible.

I'm in TN so I do not know that market at all, but from my perspective I would want to know what areas are in demand.

If not, even though you are a re pro, losses are passive & deductions are limited.There are 7 scenarios that will qualify as material, and you only need to meet one:*500 hours*Substantially all participation*> 100 hrs and at least 1/2*Significant participation*5/10 years*Personal service activity w participation in last 3 years*Continuous participationTo materially participate, you must be involved in the operations of the activity on a regular, continuous, and substantial basis.Once you pass the pro test, the material participation often comes along for the ride.You can elect to aggregate all rental real estate for purposes of measuring material participation under Sec. 1.469-9(g).Your time spent on all your rental properties (STRs don't qualify) counts as one activity, making it easier to materially participate.In order to make a strong case with your CPA and the IRS you need to document your hours.Best practice is an hours log where you are as specific as possible.

On the other hand, it could also mean there are lots of other desirable houses hitting the market, making older properties less desirable and/or lowering demand. 

I personally recommend looking into the Columbus OH market - good population growth, lots of job opportunities in a good mix of industries, and strong rental demand.

Despite the closures, Phoenix's retail sector remains strong, supported by robust demand and limited new construction.

Hi,I'm currently working on a deal with a seller who's looking to retire without substantial savings and buying his mobile home park with creative financing.