Another draw back is short term your expenses will be higher because you are paying the mortgage plus paying back the loan but that is a short term draw back until the loan is paid back.How it works: I have experience with my wife's company and mine, each is a little different. 

As far as studios go, 280K is a low price, but without knowing the expenses and the rent you can expect there, its tough to say if the deal is good or not.

Not that I'm a proponent of borrowing just for a tax break, but the interest is a deductible expense. 

They're expensive, but I know several people who have gone thru each program and become what I think are successful investors, moreso than other programs. 

If you decide you need to hold the property it makes refinancing either impossible or expensive. 

So, when it comes to writing off expenses, here’s the scoop: you generally can’t deduct travel expenses if you’re just looking for a new property to invest in.

I recently paid someone to do my roof and replace the carpet (~5k expense) on my short term rental in 2023, however he won't fill out the 1099-NEC.

Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.

Day 3: "Did you know our bulk pricing saves clients an average of [X%]?

Find out what rate rents are increasing and expenses are increasing in your area and use that in your underwriting, then work out each year of ownership. 5% rate in 5 years seems ambitious.