Gains will be higher in the better areas. 

I'm particularly passionate about starting my journey and finding the best markets, but above most having fun and gaining experience along the way! 

Do I raise the rent and make $600 a month on passive income, keep the property and chance this home not appreciating much more bc of what's currently happening in Florida with excess amount of inventory sitting there?

Passive income is important but future value is as well and it seems to me that Red Lodge Mt is the winner that regard.

I just sold my business and in looking for ways to offset capital gains taxes stumbled across a strategy in which a STR can write off all depreciation in year one via a cost segregation analysis, thereby reducing taxable income greatly for a specific year.

But so could some future gain instead, if your client doesn’t “waste it” when he could have done a 1031 exchange instead.

I'm here to gain knowledge, share experiences, and build connections with fellow investors.

On the other hand if you feel the stock market is going to under perform the 6.8% (knowing that the average long term gain on the stock market is 7%) then you might consider paying off the notes more. 

But between you paying down your mortgage, plus the tax write offs, plus market appreciation it sets you up for having tens of thousands of dollars in tax free gains when you eventually sell it.  

The plan is to hold it long enough to see appreciation do it's thing AND in time we have the option to turn it into an entire house airbnb or even a long term rental for passiveness sake.