And the best part is they help you through the entire process of learning how to run the program with many tips for hosting an STR.

In fact, it often appreciates.To go a little deeper:Depreciation was designed for assets that wear out or become obsolete over time, like machinery or vehicles.

Covered parking for 8 vehicles. any thoughts on agent or non-agent?

Might make sense to have a in depth conversation with a Banker to run the numbers on a Fannie Mae 5% down versus an FHA 3.5% with the higher MIP.

I run a group of landlords in Philly and notice many new investors getting themselves into unforeseen difficult situations.

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

Take short-term rentals - they do provide several tax benefits, but they are hard to run and very hard to succeed at so people make the mistake of choosing the tax vehicle, get the benefit, and then lose money on the investment and hate it.

Covered parking for 8 vehicles. any thoughts on agent or non-agent?

Run your comps and be prepared to adjust a suggested price based on condition, layout, and other factors.

I agree with the notion that one needs to define his or her goal with regard to real estate and making a living of real estate alone would require lots of it, but cash flow for the long run is almost inevitable.