Welcome, best of luck on your journey. this is a great platform to be in

Hope that helps, and good luck with your STR journey!

For all methods you would want to find a market that has strong employment rates, strong income rates for the market, and is a growing or an established market. 

What methods would you suggest to screen potential tenants? 

@Anthony Chan If you underreported depreciation on your rental condo, Form 3115 (Change in Accounting Method) allows you to claim all missed depreciation in the year of sale without amending past returns.

Congrats on starting your short term rental journey! 

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.

Hi Joshua,It’s great to hear you’re starting your real estate investment journey.

It’s all BS.If AI truly worked, there’d be no need for DMM, D4$, cold calling, or any of these other methods.

Congrats on an incredible journey!