Hi Raz, Is this going to be a long or short term rental?

It all goes into paying off my short term loans so I’m ready to repeat when I find more cash flowing deals.

I hope they moved shortly after that.

I finished a BRRR in the Smokies- now I’m short term renting it out.

I have local lending partners at the ready if you need a referral, one of whom can now finance beachfront condos and condotels with only 15% down instead of the typical 20-25%.I follow KeyData metrics for vacation rentals.  2024 has been a solid year for Myrtle Beach short-term rental owners. 

You could even consider an AirBnBRRRR strategy, which combines short-term rentals with the BRRRR method.

In short, I just need help.

The listing is currently visible as ready to be in service, and I've already received three bookings.My question is, will I still qualify for the short-term rental tax benefits or loopholes if I have blocked off dates until September 19th due to these repairs?

The only real way to get enough cash flow to live off of that I have found is a paid off long term rental, a property you've owned for 5-7+ years, or a more hands on strategy like short term or mid term rentals. 

Short term rates were 5.5 percent, two and a half points higher than what cash typically pays.