@Chris Mahoo Even without qualifying for Real Estate Professional Status (REPS), long-term rentals offer key benefits like depreciation deductions over 27.5 years, deductible expenses (e.g., mortgage interest, repairs), and up to $25,000 in passive loss deductions if your MAGI is under $150K.

I believe that mentorship and collaboration are key to success in this industry, and I'm here to learn from all of you and contribute where I can.If you're in the Charlotte area or have insights to share, I’d love to hear from you!

Building confidence, a plan, and understanding your risk tolerance are all keys to success. 

If you can show that the numbers work, you can get 100% of the purchase and rehab covered.The key is finding lenders who work with new investors.2.Partnering with Experienced Investors– If you don’t have capital, you can offer your time, effort, and hustle in exchange for a piece of the deal.

What you do to provide actual safety to guests is going to be key.  

Another key change is making sure your contractor actually sticks to completion deadlines...why, because of how extremely tedious permit inspectors are getting in some cities, which can slow progress in and of itself.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Are you OK with some rehab or do you want something that is turn-key?

Have you considered Turn-key? 

With just one company and a single point of contact, we deliver unmatched synergy and efficiency.