., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

I would love to learn more from the people in this forum specifically.In the meantime, I would love to develop a team as I'm already looking at a couple of properties, and hopefully, I can get started at the beginning of 2025, buying up a few properties.

@Treza Edwards "I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

@Shannon Vistisen I would say this, unless you know everything that is tied to that entity, buy the property alone.

Purchase price: $170,000 Cash invested: $30,000 This is an international short-term rental property on a Greek isle.

I would like to 1031 exchange these properties into investment properties in South Carolina.

Both properties are in A areas with great tenants. 

The property, though is not beach front, nor does it has ocean view, is just a short drive from some of the best beaches in the west, which are great for surfing, snorkeling, SCUBA diving.

The property, though is not beach front, nor does it has ocean view, is just a short drive from some of the best beaches in the west, which are great for surfing, snorkeling, SCUBA diving.In the 1.21 acres there is a main single family home (4 br) which was divided in two sections one of which is being rented.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low).