Trial and error help you to determine your list.4.

Purchase Price & Seller Financing TermsYour neighbor wants $200K, but the current value of the home is closer to $160K-$170K.

Yes, the initial plan was to purchase a single-family home, renovate it, expand, and live in it.

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

Great question - the seasoning period typically begins the day that you purchased the land.

What does everyone think is the most profitable area to purchase in?

With that she can determine, of the cash received how much should be set aside for taxes, then gift the ex-spouse a potion.

I've been wanting to expand out of my market in Iowa, and see that the Winter Haven, Lakeland, Haines City areas are similar to purchase points as my market.

Quote from @Daniel Green: Hey everyone,  I'm Dan, 35 here, I'll be able to make my first purchase in summer '26.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity.