After 12 months, you can fully rent out the property if you desire, without needing to occupy.2nd homes are designed to have another place to live in a "resort type" area or when commuting to a different state for work.

@Leana Ruggles well, that's simple enough, I have 2 potentials for you off-market now "done". 

It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options.

Let’s do some simple math…If you buy a $300k house, charge $1,900 in rent, and have a 35% expense ratio, you’re at a 4.94% cap.

So my question might seem simple or even stupid to some people, nut we all have to start at some point. 

In my opinion, this is far more effective than texting, which often feels like a constant game of cat and mouse with phone carriers.it is relativly simple and although costing money it is relativly the more cost effective one.

While it’s relatively simple and can help you find deals, it’s also time-consuming.

Simple enough.What makes it unique is that we have operated a profitable and successful business out of our home for nearly 4 years as a highly booked Hostel and event space + potential urban market farm.

Keep it simple starting out.

This designation allows them to treat rental real estate losses as non-passive, meaning they can deduct losses against other active income.