I’m on the lookout for commercial real estate or land opportunities around Innovation Park in Mesa del Sol, Albuquerque.

To make it simple I make 10% as a mgmt fee of properties that produce about $800k a year in income.

It was fully renovated when I bought it.I added value by adding income-producing rooms.What was the outcome?

There are likely at least subtle differences between those proposals.In terms of good and bad experiences, you won't find an insurance company that doesn't produce happy and unhappy customers.  

Ive done A/B testing to see if going through my mortgage broker, or going directly to the bank would produce a better result.

Which markets (Cities, States, Counties) are producing the highest cash flow while keeping purchase prices under 100K?

The latter two are just a little erratic to me, meaning they produce projections further away (above or below) from what I see in my clients' own vacation rentals.Not sure I can give you a great breakdown.

If you expect a large tax balance this is why people rush to get it into services ASAPEdit: To also add if the taxpayer qualifies for the "STR loophole" as some call it, even if they don't have much rental income, they could use the losses produced by that STR to offset other income.

Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.

I rented it by the room but then converted to a STR in Nov 2023.