Quote from @Michael Elliott: Looking at purchasing some vacant land in NC that has an existing lease on it to a 3rd party.  

Expenses AFTER the in Service date are then considered for repair vs improvement and then applying De Minimus Safe Harbor considerations.So frustrating to be the only tax professional commenting on this thread that is waving her arms and say HEY!! 

Housing in Portland and surrounds has also skyrocketed - and those pricing waves are also moving out in concentric circles.  

Are you looking to buy and hold rental properties to ride out the wave?

Thanks-Scott Eadie Hello 👋 Scott Eadie…….It’s great to have you here on BP…….And to everyone whose shared there bits and for not judging nor undermining his abilities to survive the ocean waves of RE….Good thing is everyone believes you can achieve it if you can dream it…But do ask yourself, are you ready, are you willing to take up the journey?

Congrats on your success @Brandon Elliott ! 

Since we are the first and the front runner by volume, we tend to experience the wave first before it ripples throughout the industry. 

And just rode the wave of RE through all sorts of different RE ventures..

The key is to find a future growth market, get in early, and ride the wave. 

The extremely low interest rates of a few years ago, made it possible for investors to buy Class A properties and rent them out and at least break even.Many investors also hopped on the STR wave and made cashflow that way with Class A properties,With current rates, investors are back to the "norm" where Class A rentals don't cashflow for 3-5 years.So, investors are now looking at lower Class properties for cashflow, but many FAIL to properly understand the higher corresponding risks.