STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?

The garage and the fact that a long term tenant was in place paying market rent.

Marketing to a bigger market of Buyers What was the outcome?

If I'm a criminal for transferring deed without asking for the banks permission, then all these banks are 1000x as criminal because they sell our mortgages in the secondary market all the time without notifying us.

I want to reach out and get feedback on where I would be able to find off market self storage facilities and how to approach the owner?

If you’re in a market where you have to spend money on roofs, or exterior paint that’s ctainly you can save up for.

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).Step 3: Connect with real estate agents and begin making offers!

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

Nashville is such a great market to get started in!