Second, for you as a taxpayer you need to evaluate if your tax situation (e.g. property type, tax profile, material participation, etc.) will allow you to leverage additional losses generate from cost seg to optimize your taxes. 

Gotta work on that reading comprehension, Drew.The second and third sentences of my post are literally:"I lived in Detroit for 5 years before moving out of state, and during that time, I built a strong network of contractors, handymen, and other boots-on-the-ground contacts.

My point is I'm not interested in having a second job.Currently doing analysis on identifying top zip codes for the facility based on criteria like age distribution, median income, education levels, % of home ownership.

Mexicos second largest revenue source are wired funds from the U.S. by individuals.  

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

Technically, I have two rentals, but the second one is muddy as above because it's our marital property.

It's worth mentioning the STR regulations are relatively new, and I think some properties currently operating are basically grand-fathered with the old permit, and I don't know if being a new owner one'd be able to get a new permit if it's not in the designated location.

I will be very careful with my first investment if I were you, unless you have a rich father or uncle who is willing to finance your mistake.

Depending on the market you invest in, you may have enough to go all cash on the first deal and refinance to put money in the second deal. 

Hello everyone,I recently bought a second property in Michigan and I'm really excited to get it rented.