This is what I learned: I could not deduct interest on personal loans so I ended up paying as much in taxes as I made.

Some numbers below for reference: I currently am taking home about 140,000 pre-tax.

After he teamed up with a local intermediary in the Bay Area.. from what I read in the Wall Street Journal, Lockton has been helping investors streamline these moves.. he ended up freeing enough capital to invest in a mixed-use building in San Antonio that we’d been eyeing for a while.I’m no attorney or CPA, so I’m not giving legal or tax advice here, but there’s definitely something to be said for repositioning your insurance to fit your broader investment goals.

@Andy LanyiGood comments on how to reduce tax bill. 

The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).

Saw it in 2020 and its happening all over again for different reasonsI have invested in the areas myself and plan more in 2025 to take advantage of the huge tax benifits to come.

If you were to buy a similar home, the interest and property taxes alone may amount to that much, which, in my opinion, is a waste of money as well.

The very basics would be getting your furniture and shopping list together, keyless entry like Schlage (with backup lockbox with physical key very close as well), looking into insurance, local taxes for STRs, and moreAlot of ways to save time and make it easier to self manage with a property management software like Hospitable and data research like AirDNA.

Have a good CPA to help come tax time. 

My property tax increases have been 17% for both homes (no Proposition 13 like in CA with our max of 2% increase).