Yes, just like you claim depreciation on the use of your property, any company including an insurance company claim depreciation when they pay for your damage.

NATHAN KUPPERMANthanks :)Fiona and Obie They appear to be a newer company - around one year.

A 3/2 in CA is a bargain for $300K while in our markets, $300K would get you a move in ready 4/2 on the water. 

Troy helped me identify properties with strong short-term rental potential, and when we found this home in Palm Harbor, we moved quickly to make a competitive offer.

A new person moves in and she says the upstairs neighbors are creating a ton of noise.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

So when you build your pocket neighborhood, which is an interesting concept, what's to stop an undesirable person from moving in.

I would like to get connected with more private lenders in different target area preferably Huston Texas Expanding your network in Houston sounds like a great move.

Before moving forward, negotiate better terms with the hard money lender you initially spoke with and ensure the seller is fully on board with second position financing.