Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.

Please feel free to connect if you have any questions. 

Eventually a nice vacation rental on the water that we can also use for short term rentals.

Feel free to reach out if you have any questions!

Half the team focuses on long term rental management and the other half focuses on short term.

Mistakes I see people make is they plan on living there a short time and over renovate the property where they will never get the money they put into it back. 

I have seen it but its very short term and you are still going to need considerable funds to refinance out (6-9 months reserve etc.).

@Dan TrimbleA property can be rented, Long term (LTR), short term rental (STR) or mid-term rental (MTR).

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

I think in 22 years we only went through 3 keurigs and on one I complained to the company about the problem and they sent us a free replacement machine.