I love the flexibility they offer for traveling professionals, military families, or folks in between moves.My main questions:Have you noticed increased demand for midterm rentals in this area, particularly from military personnel at nearby bases or healthcare workers at local hospitals?

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

Hello everyone,I’m expanding into the Chattanooga market and looking to connect with experienced professionals to help with upcoming projects.

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

@Jeanette LandI always recommend using a tax professional.

They will get the highest price and the best terms for their property by marketing it professionally and exposing it to the maximum number of retail buyers, which means putting it on the MLS with an agent.

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

Right now, I'm working with a team that helps find off market properties for investors which has been a great way to dive in and connect with experience professionals in the industry.

Readers are advised to seek professional advice.

Build a strong network of mentors and industry professionals!