Regardless of how you financed your rental property, you can generally deduct repairs and take advantage of depreciation schedules.

Quote from @Jeff Sanders: Hello all.In analyzing rentals, does anyone have a fairly accurate way of estimating landlord insurance in varying states?

.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

Heads up, everyone: Dave Meyer and Henry Washington answered Alex's question during yesterday's episode of the BiggerPockets Real Estate Podcast: How to Buy Multiple Rental Properties a Year (Is It Possible?)

Sometimes people get into a bad rental situation, it's not always on them, but typically it's their fault.Ask the property owner what their comfortable with.

Rentals don't count.

Also, no counties in Texas prohibit long term rentals.

I have three single family rentals for three years and I now have my first horror story.

@Matt SchreiberI bought my one and only short-term rental (STR) in North Myrtle Beach in February 2024.

Also, the refinance of the property into a long-term DSCR loan to hold the property for rentals after your rehab is complete.