After a Valentines purchase as well as a couple others, I was able to convince him this was a good move.

Additionally, the STR market is quite oversaturated right now as well

I did a direct rollover for a rental property.question: Can I deduct repairs from the remodel as well as take advantage of the depreation schedule as i do on a triditional financing. 

Price range seems to be so fluid from what I'm seeing - as I'm sure you well know this but a home in one town might be $20,000/$30,000 variation in another.

. - When you go to qualify for your next proeprty, your lender can actually add losses from line 18 back into your income... allowing you to qualify for the next property.

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.

And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.

You HAVE to allow pets.

No sure about that as buyers want to see the finished product and showing them before pictures will often not be well received.That's funny, my wife said the exact same thing about showing them the before pictures. 

Some carriers won't allow insured to be a trust, so in that case do it in your company name with trust as additional insured.