So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

Big differences as its like a wholesaler of loans sometimes.

However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.

I’ve owned different residential homes in California, both sold off market and for over asking.

Think of it as different tools in your wealth-building toolbox.🎓 The Knowledge EdgeWhat makes both investments successful?

It's no different than their 2-year, low interest rate teaser houses.

Different lenders can view income in various ways depending on who you speak with.

It basically said, unless you are living in Wyoming do not use a Wyoming LLC set up.It seems the more research I do the more different answers I see.Going a little crazy over here,Rhonda