ARV Potential: Where can we expect to achieve higher ARVs?

@Annie Anson To achieve active status for tax purposes on your short-term rental (STR) in Florida, you must meet IRS material participation rules, such as the 500-hour rule or the 100-hour rule where your involvement exceeds anyone else’s.

At this stage, the main thing we need is for me to get back into the workforce and get some money coming in, in order to achieve that dream.With that in mind, my immediate goal is to gain employment in the field of property management, as opposed to wasting my time working in another field that is not associated with real estate.

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

This can be the difference between setting goals and achieving them.

What have you achieved so far?

I have to caution would-be investors: Don't count on the returns they say they expect to achieve.

This project taught us the importance of being flexible and willing to invest more when necessary to achieve the best possible outcome.

This project taught us the importance of being flexible and willing to invest more when necessary to achieve the best possible outcome.

The only other option that comes to mind is to make the improvements and try to achieve favorable rental rates to push the story that 2 BR homes rent for a premium because its unique.