"Wanting to know how the story ends before starting the journey."

I’d also love to have more associates in the real estate industry so please share your R.E story with me I’d love to hear it! 

So now in year seven you free up about $6-700 a month and you still have taxes (3-400) and expenses so your adding 700 to that total of 84K over 7 years fast forward say 10 years. 

The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.

Anyone care to share their success stories of vacant land tracts they’ve flipped by themselves with no prior experience?

Thanks for sharing your story on having the right pm, def shed some positive light.

Hey Lesley, I've seen/heard this story many times.

For example, I  never hear stories of the turn key provider spending extra sound proofing between units or investing in better quality fixtures or other high touch building materials so that the end buyer can enjoy reduced maintenance costs and better tenant engagement.

Perhaps the second story was the apartment and ground floor was supposed to be storage but then got illegally converted, etc.

They are under quasi-management (long story) and largely I don't have to babysit them, but every notice of an issue makes me hate them more.