If you pay the loan off before selling or do a refi and have $1 of equity, it won’t affect your taxable gain. 2) if you stay 2 years you’ll have 14 years of personal use out of 22 years so 63.6% of the gain cane be exempted, up to $500k.

I am not an insurance agent, but I would be curious to hear from someone in the field who could explain how this would have played out differently had the properties been in an LLC and not a personal name.

Personal Touch and Community ConnectionInvesting in smaller markets often allows for a closer connection to the community.

My personal opinion is that any time is the right time to invest if you can find opportunities that meet your Return on Investment goals.

Remember there are income limits, contribution limits and other personal factors to consider.

A new person doing an OOS BRRRR right now is ripe for a loss.

I personally use Quickbooks online and have a virtual (remote/nonlocal) bookkeeper.

For finding my first properties, word of mouth and local networking worked well, plus reaching out to hosts on Airbnb with personalized messages.When pitching, focus on how you’ll add value (like boosting reviews or optimizing pricing) and avoid coming off too salesy.

Don't waste your time convincing them otherwise, just find a pool person that is willing to do it.

Personally, I'm fine with it but I'm not very demanding for a sofa so it means little.