Also tweaking your pricing on VRBO and Airbnb so you are active and it pushes you higher in the search results.Tweaking the price that gets pushed to these platforms works as well.

So, having a trusted and experienced Realtor to provide you with an evaluation would be a good start to helping you really assess your options.First, I would ask you what your ultimate goal is...? 

Thank you Hi Eliane, I am in Baltimore and been an active investor since 2004, doing close to 20 BRRRR a year,and I am an agent, let me know if you have any questions.

Once I know that I could better assess whether the use of debt to get started would be the best choice.All the best!

I believe it to be very accurate assessment based on my personal experinces

In this post-pandemic landscape, metropolitan areas remain the hubs of economic activity.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

@Vina Merrill,I don't have much intel on Knoxville, but I’m active as an investor, turnkey provider, and builder in Chattanooga.

But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.