I joined this community because I want to get my hands dirty and not just meet people online but form some real connections and try to provide value back to those that are willing to offer me advise and guidance, and even encouragement.So, this is my current situation:Back in 2020 I was one of the fortunate ones who purchased real estate when prices were still low (compared to today) and interest rates where at 3% or below.

Center Point is not investor friendly anymore so I would advise staying away from the rental side.

You've received excellent advise from others here.

Then find a CPA who can help you set up and manage your business and advise you on the best business structure.

I would not necessarily advise being cash flow neutral or negative before you account for these types of things.

If your properties are all located in CA I would advise looking in states like IN, OH, FL, TN, OR, GA and a few other states depending on comfort zone.

Any advise and information is greatly appreciated.

@Paul Novak You've received some good advise here. 

Quote from @Jamie Parker: Quote from @Luka Milicevic: Quote from @Jamie Parker: Everyone gave great advise, I would not use 70% when you start to get to the granular numbers.

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.