A wrap does NOT remove the risk of a due on sale clause being exercised by the 1st position lender. 

@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

From experience, finding a knowledgeable accountant is key for handling taxes effectively, especially when splitting expenses, claiming deductions, and managing depreciation.

Most STR markets have seasonality, and there are untold issues in the future that will effect cashflow. 

And they execute their investment strategy/model (develop, resell, hold, etc.) effectively to generate a return and/or equity and make a living.

Once your income is stabilized, you can do a refinance to remove your coborrower back off of the conventional loan. 

added 2 walls, added an eyebrow porch, removed an exterior door.  

@Preet Oberoi Purchasing a short-term rental (STR) or tiny home to offset W-2 income with depreciation can be effective if structured correctly.

Design happens to be one of my passions, and I’d love to help you brainstorm ideas or suggest some cost-effective design solutions that could work for your project.If you’d like, feel free to share some details about the style you’re aiming for or any preferences you have.

Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.