Piti is $3,150, the house has a adu in the back it’s a 2/1 780sqft fully renovated.long term rent: 1k-1,200Mid term: 1,800-2,200 (7 minutes from a major hospital)We plan on renting it right away, in your opinion should we go long term or mid term?

Probably another $100-$200 for cleaning unless you plan to do it. 

I only plan to do cosmetic work on my own.

Hi Rohitash,I am a lender and investor in the Richmond VA area, 804 Mortgage.Would love to discuss your investing plans.

Does that sound like a smart plan? 

So far so good, will see how the pandemic affects the overall business plan....you can DM if you have specific questions....

We would only plan to manage our own properties.Would there be any tax advantages to starting our own property management company?

In need of an excellent CPR attorney because I currently have a Kaneohe property under contract that I plan on CPR'ing.

STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.

Maybe check out Arizona International Mortgage... they've helped others navigate this before.If you're up for it, we could grab coffee and chat more about your plans.