Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

My short-term goal is to secure my first single-family and rental property, while my long-term vision is to build a thriving real estate portfolio that generates wealth and financial freedom.I’m currently learning the ins and outs of financing, deal analysis, and market selection.

Long story short if you are worried about the deductible, I would not considering it's meant for a total loss situation.

The Lake Tahoe market has many intricacies regarding short-term rentals, but navigating them is definitely possible.

Any contractor recommendations or lender suggestions for short-term financing?

@Matthew Becker doing short term rentals? 

Quote from @Jimmy Sont: I'm looking to build around 700 sq ft 2 bed / 2 bath guest house primarily used for short to mid term rentals.

1,300 is too low to get a deal from your first campaign (and too short of a time - 8 days).

You don’t have to use it like short-term debt—you can pull from it strategically and pay it back at your own pace.

Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.