Quote from @Ben Trageser: If you live in your short-term rental (STR) property in a future year after claiming depreciation, depreciation recapture does not occur immediately.

@Jordan Miller most Class A & B rental properties bought since 2021 really don't cashflow from day one.Class B will take 1-3 years to start showing cashflow.Class A, 3-5 years.Current investors keep making the mistake of looking back at deals from 5-10 years ago when prices & interest rates were both a lot lower, but NOT rental rates.

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

I'm thinking long term rentals will be a good retirement plan.

From the time I started the initial consultation, Tommy was very helpful to provide all the information I needed to have before making my decision to go forward with the rental property.

I would also join every FB group for investors, from local to California, and post the package there as well.

This status is useful if you have long term rentals.

There are no municipal-level rental restrictions. 

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.

Hi Ella, welcome aboard,Your post about your real estate ambitions, encompassing the purchase, renovation, and sale of properties, as well as the ownership of Airbnb rentals, is indeed an exciting endeavor.