Lots of depreciation you will pay no tax maybe even shield some W2 income.B.  8k maybe 10k if you pick the right guy to lend your money to in interest income you will be paying much higher tax rate on this income FYI no depreciation expense. 

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

The 1031 exchange will indefinitely defer all tax on profit and all depreciation recapture.

If you don't have enough money for 3.5% down, find a cheaper place to live and work hard to save up money.

I'm starting out doing redeemable tax deeds and going to auctions where everybody has "bigger pockets" than I do.

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.

Real estate agents, property managers, and contractors who specialize in your target market can save you time and money in the long run.