They had friends in town and enjoyed entertaining.

It's possible the deal is ok, but your enjoyment percentage, even for 18 months, isn't that great in a unit like that.

That leaves you with a good chunk of change to start the business and grow from that point with rental income/passive income coming in each month.If you have any specific questions and want to talk about Pinellas, Citrus or Hillsborough reach out I always enjoy talkng REI.

Finding properties to do a pure BRRRR in our area can be tough, so a lot of my clients end up pulling the trigger on STRs. 

Is it practical / worthwhile to get your agent license purely to avoid paying listing-agent fees on house flips?

I enjoy how this thread devolved from "Education Expenses" into someone promoting tax fraud since "they'll never figure it out".But...occasionally they do.

I'm looking for long-term investment opportunities in growing market and am excited to build my portfolio.Outside of real estate, I enjoy surfing, live music, and traveling.Excited to learn and connect with you all!

I'm particularly passionate about the Houston areaOutside of real estate, I enjoy making money, hanging with my family, and traveling. 

You will stay ahead of inflation, have no management, and enjoy significant cash flow.

This can use an FHA loan and you'd likely qualify and be able to enjoy a low down payment.