Afterwards set up a payment plan with her with a balloon payment in 3 to 5 years.

@Rajendran Subramaniam looking at it from a 7-10 year lens I'd say the Texas market would provide the strongest return and that'll mainly be through appreciation.

I'm Nick - a 26 year old tax accountant living in Charleston, SC.

Inspection was average for the age of the house around 90 years old.

If I believe I can generate enough profit this year and navigate any potential inspections next year, I’d be comfortable moving forward—using the income earned to cover any necessary upgrades.An alternative exit strategy is to document the financial performance and sell the property as-is, highlighting its strong short-term rental income.Think through your next five moves, from best to worst-case scenarios, and make a decision that aligns with your goals. 

@Clark Harbaugh, Given the favorable tax rulings over the last few years (in particular revolving around trusts and their equaling a beneficial interest in the underlining propery) the IRS has actually been much more lenient (or at least silent) on these issues. 

21 days after reading this post and taking action, I got my first booking.com guest, but for a stay that will be in May next year.  

We purchased our first home when I was almost 29 years old.

The sale happened last year.

Looking for any and all other ways to continue to learn about the space, with the current goal being to familiarize myself enough with it to be able to start taking action in the coming years.