Each one has a specific reason, to be sure.  

Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.

From my experience, attending local meetups, lending-specific events, and networking with experienced investors can open doors.

By focusing your efforts on a specific area, you’ll be able to learn all the nuances and make more informed decisions.Best of luck with your investment journey!

I mostly agree with Huong, but in specific cases, a small negative cash flow is not the end of the world.

At property value of $800k (my budget), the transfer tax will be $8400 alone.

Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?

,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.

I noticed that Chase and Bank of America charge fees for wires unless you meet specific criteria.

Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod