Be reasonable or I will show my teeth!

Im a CPA and also a buy and hold investor of a string of residential properties across a couple of counties in Southern NJ and until recently, Texas, too.Vacation rentals are short term rentals, and end up being required to report on Schedule C where you get dinged for income tax AND self employment tax.Use your money to get a mortgage and buy some buy and holds if you are nearing retirement...Spend a couple years cutting your teeth and developing your successful business model.

Not always make it happen but sometimes it's just by the skin of my teeth.

However; if I find something that I can cut my teeth with in the IE, I will jump in whole heartedly after running the numbers.

The negative is that its costly and if you're just cutting your teeth handling leads then you might look to cheaper marketing to get some practice.

Account Closed30-yr amortizations are like hen's teeth in Canada, so my experience with them is limited to one property. 20 to 25-yr amortization is the norm here w/ a mortgage term <=5 years.That said, if you frame your perspective as your tenants are paying all that mortgage interest to the bank, then taking the longer amortization results in you having greater cash flow now and the bank making more money over the long term ... all compliments of your tenants.

I cut my teeth litigating insurance companies for refusing claims and have been wary ever since.

For those who don't know, the Lustron corporation mass produced small, entirely steel enameled houses during the housing shortage following WW2.

Welcome Kyle. even though I am a noob myself, im looking to cut my teeth with a duplex house hack too only I'm in Indianapolis.

There was a good podcast with serge where he touched on vacation rentals, but maybe after I cut my teeth.