Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

anyone have any experience with Walter Wofford and his short term rental education programs?

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

@Jacob HavlovickCongrats on purchasing your first duplex and starting your house-hacking journey—this is a huge step toward building wealth!

Don’t let that discourage you, but just know that stepping outside your comfort zone will be part of the journey from time to time.

I have a feeling Florida will catch up soon after these last storms. 

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

There are a lot of options out there.Some of the most useful items BiggerPockets members have identified are features that save time so they can spend time working on their next property.

First of all, what a great problem to have!  

Per the Cape Coral permit site, our construction is at the Mono Slab step.