Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

@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.

Buy of course banks won’t use “gift funds” and I don’t want to wait 60 days to let season.

Same property with a standalone hot tub, $52,000 a year. 

Still no solution yet from them though after I check in every few days.

I'm still scared till this day. 

I'm in the same situation with con artist tenants.   

A few days ago, one of the units experienced a toilet backup.

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.