We made the decision to rent and prepare our house for long-term rental.

I understand that completing long distances BRRRRs is a different kind of animal, so I am hoping to glean insight from investors who have successfully gone down this path.

I tend to shy away from homes over ~20 years old to buy and hold for long term renting.

It was a long wait but I got a lot of good upgrades.

The loft is very successful on Airbnb and people love the main house for long term rental.

Being out of state, I would suggest vetting your "team", meaning find an investor realtor, lender/s (hard $ / long term), property manager, contractors, etc.

You can offset other passive income of gains with depreciation from your long-term rental.  

The time has come for me to start investing in real estate and before doing so i'm looking to build a strong and dedicated team of partners: agents, lenders, contractors and property managers mainly in the Cleveland area (but also open to markets within a 2-3 hr drive away) that already possess an excellent track record in their line of work and that value long term collaboration.

Quote from @Chinku Chinku: Got a townhome in suburb area of Houston for long term rental close to katy mills (<5miles).

Hi all, we need some help on tax strategies for a 5-door rental portfolio in Montgomery Alabama, this is a long-distance investment, we leave in Miami but invest in AL. for now, we are planning on a rapid grow on the Montgomery Market, we have partner up with new investors and we are in need to set new entities and the best tax strategy to set up the upcoming investments but also i will need help with the investments on 2024.Please reach out for a consultation and hopefully a long-lasting relationship.It will help if you are located in Miami and can handle Alabama, so que can have a one-on-one meeting.Thank you ALL and have a blessed day!!!