The BRRRR strategy is doable for a newer investor, but it requires a lot of effort, consistency, and hands-on involvement—it's not exactly a passive way to invest.Whichever route you choose, if you're taking on the bulk of the work to analyze deals and select the best ones, it’s important to ensure your partnership reflects the time and energy you’re putting in.

Once you have selected this market, begin doing researching on the current regulations as well as the political climate regarding STRs in that market and whether or not there are any upcoming proposals on the market docket that may shift or change the current regulations.

Anything and everything that you can do to show others (and prove to them) that you have a talent for selecting properties and producing actual results.If you do that, people will take notice. 

It is crucial that you select a company that provides a “quality” cost segregation study as determined by the IRS.

What you could doIs continue to pay that loan and have the owner also select finance you the balance.

@Kim LeduffIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Spanning more than 8,000 square feet, this outlet will feature a large outdoor patio overlooking the Strip and a unique company store selling exclusive merchandise alongside your favorite burgers.

We do a pretty good deal of site selection with data behind it and use experian as a data source. 

Are there any IRS exclusions for long term land leases?

They don't have anything specific for sorting by furnished spaces but there may be a check box to select for when sorting.