that's worth one or two hundred bucks a month too. 

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Worth?

My property is worth 120k and I still owe 50k.

This will give you a clearer picture of STR potential.Sounds like Johnson City is a hidden gem worth exploring!

highlight_post=6803139&page=1#simplified-forums__discussion__replies-containerI have no reason to alert you of this danger other than honestly trying to help you avoid the trap that the rest of us fell into.FOR YOUR OWN SAKE, DO NOT BELIEVE ANYTHING MARCO OR NORADA TELLS YOU UNLESS YOU SEE IT IN WRITING AND HAVE IT VERIFIED BY YOUR LAWYER. all investments have a perfect pay record until they dont.. did you really think when you asked the question they would say..

We haven't yet, but I would think even for $300 a year it would be worth it for just one stay!

We are going to spend about 20K to bring it up to par but defiantly worth it. 

To debunk it, we're going straight to the source — the IRS.The IRS says to keep records for your business tax deductions indicating:What you boughtWhen you bought itHow much you spentAnd guess what?

PG's are worthless those that have PGs that are worth anything dont need gap funding they have the cash.this is a play for folks you know well .. not for internet facebook BP etc.. people that do this do it because they know you like you trust you and think your a good operator.Public has to many other choices that are much safer bet.. its not always about ROI with those with money..