I have many questions about how to complete the form and I am willing to pay for a tax preparer to complete, if I can find one!

Maybe consider doing a cash out refi on your primary to get more cash in hand to better prepare you for when you find the next deal.

The simplicity in your method underscores a vital point: the essence of real estate isn't in perpetual preparation but in taking decisive, informed actions.Your observations hit home—there's a sea of self-proclaimed experts, and the paralysis by analysis is real.

We've been educating ourselves and preparing for this for two years.

@Daniel Kosciuszko be prepared wherever you invest to pull out anywhere from 50-80% of your money if it's a good deal.

I mentally prepared to pay longterm capital gains tax - as it would hard to find a good deal soon.my hope is yo buy a bigger property after the market corrects .I have more properties, not thinking about to sell as they are providing great cash flow .

If you're particularly interested in Class A neighborhoods, explore specific areas where market conditions might be more favorable for positive cash flow but be prepared for potentially higher costs and stricter regulations compared to B neighborhoods.

Prepare to show detailed documentation of your STR performance, but keep in mind that consistency matters, and some lenders might prefer a more extended history.

I would greatly appreciate any advice that can be given to help me prepare myself for the future.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.