With new regulations in Canada like the flipping tax and property gains tax, I want to be mindful of the risks involved. 

Stay consistent and take calculated steps to gain momentum!

I’ve seen many buyers successfully execute this strategy over the years, turning such properties into valuable investments.

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

You said you can't sell now, but want to wait for the equity gain.

In that case, you’re living for $2,000 a month—while building equity in the home, benefiting from potential appreciation, and taking advantage of valuable tax write-offs!

I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

Build equity while gaining experience as landlords.

Bureau of Labor Statistics (BLS) confirms Texas added the most jobs in the nation from December 2023 to December 2024 with a gain of 284,200 nonfarm jobs, significantly ahead of all other states.

@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.