Initially, the mayor did a press release saying they wouldn’t allow any unrelated occupants to live outside of a certain small area.

There is poor correlation between initial cash flow and actual long term cash flow.

The key question here is whether you’re comfortable with a relatively low initial cash-out and whether the property’s long-term cash flow makes up for that.Since your goal is portfolio-building, the BRRRR method could work, but the numbers have to make sense for you.

The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.

Can you generate any of these reports as well as the P&L for each property?

@Saika MaedaCongrats on pursuing a property with an ADU—it’s a great way to generate rental income!

The interesting part, this is the income generated from two tiny homes (on wheels) on the property.

Proc. 2004-51, qualified indicia of ownership were transferred to the the earlier of a total of 180 – days or the date upon which the exchanger has to file its tax return for the year in which the exchange was initiated, to complete the purchase of the replacement properties."

Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.

Initially, maybe not many would be, but for 0.6% commission, maybe a few flippers would take the risk?