Well said John.

This active income can help me fund my retirement as well as help me get reimbursement for home office and health care premium while lower my tax liability.

At this point I'm mentally prepared to take a loss and be done with it.

-Rehab Timeline: This is your first flip, so be prepared for some delays.

It would be like if someone prepared to sell by painting to create fresh visual interest, but chose fuscia and lime green...those colors would certainly catch the eye but I'd never claim that they overdid the curb appeal by painting with too much visual interest.

I am in the middle of finishing 2 flips there and have 2 long term Holds there as well. 

Do not forget to prepare the balance sheet, track distributions etc.

Are any of the accountants you have looking proactively for tax planning opportunities as well?

Be prepared to have all of your lovely STR furniture ruined with a LTR tenant. 

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.