Ideally, you should have consulted a real estate tax pro before doing that.

Quote from @Marc Shin: hello - are Keurig's a MUST for STR's? 

Hi all,I currently use RentRedi and am trying to deal with the following situation:- I have a bunch of prequalifications and applications in my queue- I've accepted one tenant and filled the unitMy question is, "How should I mark the others down in the software that would have passed my screening standards?"

Having a solid team in place is huge for investment success.

A great place to start is https://www.biggerpockets.com/meet which you can use to find like-minded people in your area and every other market across the nation that you may consider.You'll find some helpful tips at https://www.biggerpockets.com/starthere.For tips on how to get the most out of BiggerPockets, check out: https://www.biggerpockets.com/rei/biggerpockets-com-tutorial/The BiggerPockets Keyword Alert System is an awesome tool: https://www.biggerpockets.com/renewsblog/2012/12/1...See you on future threads!

@Justin Brin Yes, you can elect to aggregate your rental properties for Qualified Business Income (QBI) purposes, but once you do, you must continue to aggregate those same properties in future years unless there is a significant change in circumstances (such as disposing of a property).

I use Rent Redi and it is good.I also use Excel, Zelle and Zillow which are all free or I already have them.

Learning from those who had already paved the way, I earned my real estate and mortgage broker licenses, equipping myself with the tools to dive into the market.But knowledge alone wasn’t enough—I needed mentorship.

if you were only going to rent out a portion of the house as an STR that portion would have to be worth more than your exchange as well.

I just got my first flip in the middle of January and am still rehabbing Do I need to file a quarterly tax if I haven't sold yet?thanksSandra