I plan to use it as a rental property, but I'm concerned about the location—Bullhead City, Arizona.

You'll still have plenty of money to do a duplex/quadplex and give you breathing room (what would you do if you needed a large repair on the rental?).

Does having an LLC make it easier to distinguish on a tax return that this is a rental property. 

Now I'd like to sell.I originally wanted to put apartments or several houses, but not anymore, cuz I want to do more hiking, biking, and Netflix-ing, and less scheming.So do I sell as a rental property or as land?

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Typically, most cities allow for 30 day minimum rentals.

just double checked my lender is now 80% LTV for short term rentals only 85% for long term rentals

Hello Everyone,Does anyone know of a lender who can provide a 1st lien HELOC on a 2 unit rental property?