One thing I would mention though - doing STR just to save taxes often leaves you operationally unstable or too detached from the management to be successful.

Can someone update us of timeframe to resolve the issue?

I currently have about $30,000 in savings for this purchase.

Eliminate debt, establish a budget, and save.

Thanks.PatHi Patrick,Congratulations on saving up to purchase a house outright!

I want the best professional who can save me the most money, someone who’s real and honest and doesn’t use too many big words.

I recently quit my job to dedicate full time to RE investing.Given the macro instability Latin American economies faced for decades, people with savings are constantly looking out for opportunities to invest in the US, specially in RE.So, a few months ago I partenered with a RE developer from my country and we are now focused on getting multifamily deals in Florida.Looking forward to connecting with all of you and adding value where I can!

I’m definitely adamant on getting everything resolved and firing the pm.

@Eugene BrownTo expand your property portfolio, leverage equity or savings, explore multi-unit and single-family properties, and consider the BRRRR Strategy.

If you don't have a good foundation(bad debt paid off, $$ saved up) I would first focus on that.