@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

Sadly, I might have to wait until early 2025 for #5, as my funds have dwindled from purchasing 1-4.

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

I am considering purchasing in Lower Dimond and any of the directly adjacent neighborhoods.

Asset sold was mainly transfer of client list and contracts.Does it make sense for me to seek out a note purchaser?

I have a duplex and single-family at East Stroudsburg that I purchased right before interest rates spiked so I am comfortably at a 3.125% interest rate on the two properties.

Eventually I went to investment property (local purchase) and vacation home (2 out of state purchases).

The water heater and furnaces are all in the basement so it looks like I don't have much choice.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.