Meals may be 50% deductible if tied to business discussions, and if you drive, you could deduct the mileage at the standard rate.

Are there other areas in CA that you could drive to and find a multifamily in your budget like in San Bern?

I am in West Coastal FL with all of my listings within a 2 hour drive. 

Still have a lot of family in Northern California and am only a short drive away.

I will definitely reach out to you in next few weeks as, in a perfect world, it would be nice to have the investment properties within an hour or two drive (Sacramento is one option I want to look into and will also consider some of the other cities you mentioned) of the South Bay Area where I live.

Good afternoon,I’m new to the real estate industry and have been actively conducting market research by driving for dollars in the Austin (ATX), San Antonio (SATX), Houston (HTX), and Dallas-Fort Worth (DFTX) areas.

I think the shift in demand is primarily due to (i) locals (within 2-3 hour drive) being more open to travel to further destinations despite the pandemic and (ii) significantly increased STR supply in the market (the number of permits in operations today are apx. 2x what they were early 2020). 

.- Diverse Property Portfolio: The area seems to have a mix of both residential and commercial properties, which could allow for diversification in your investment strategy.Strategic Location: Shelby's proximity to global markets via nearby airports, rail, and port facilities could make it attractive for businesses, potentially driving demand for both commercial and residential real estate.Potential Challenges- Economic Concerns: The unemployment rate of 13.0% is relatively high, which could impact the overall economic stability of the area and potentially affect real estate values and rental demand.- Price Discrepancy: There's a notable difference between the median listing price ($295,000) and the average home value ($201,945).

Add $50 for the inconvenience of having to drive somewhere to shower, and you are still saving a ton of money.

Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test.