@Taya Larsen I will tag the original poster like this @Christian Requejo and that gives us a notification to respond. 

🏙️✨ This 12-acre, multi-phase project is set to introduce:✅ Luxury Living – A 383-unit apartment community & boutique hotel✅ Business & Retail Hub – Over 400,000 sq. ft. of office space & a variety of restaurants, shops, and fitness studios✅ Pedestrian-Friendly Spaces – Green areas, public art, and a vibrant "main street" atmosphere✅ Historic Charm Meets Modern Growth – Two historic brick mill buildings will be seamlessly integrated into the design🏡 Market Insights:📈 Avg.

🏙️✨ This 12-acre, multi-phase project is set to introduce:✅ Luxury Living – A 383-unit apartment community & boutique hotel✅ Business & Retail Hub – Over 400,000 sq. ft. of office space & a variety of restaurants, shops, and fitness studios✅ Pedestrian-Friendly Spaces – Green areas, public art, and a vibrant "main street" atmosphere✅ Historic Charm Meets Modern Growth – Two historic brick mill buildings will be seamlessly integrated into the design🏡 Market Insights:📈 Avg.

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.

My question is - is it foolish to hang on to this property that's at a negative cashflow, or am I on the right track thinking of the longer term benefits?

What is the quickest and most feasible way to transition from living there to setting up this house for passive income: leaving a property manager or somebody to take care of it!

To play devil's advocate (and keep in mind I have no skin in this since I'm in a different market):-You want to tailor to investors, then be prepared to sell at an investor price. 

Using simple numbers, assume I want to purchase a $100,000 property using crypto as collateral:- I pay the closing costs with cash- I put down 10% down payment with cash ($10,000) - I utilize a crypto mortgage for the remaining 90% ($90,000) This way, I still keep my crypto and I have a property, both of which may accrue in value over the long-term.

I've been doing this for eight years. 💪🏻 it becomes even more important when you get your brokers license.