This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.

The rust belt has been wonderful for out of state seeking better rental property returns due to the lower purchase prices and cashflow potential. 

Expand your network, educate potential investors, and leverage social media to increase your reach and influence.

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

If you ever want to get into a tenant nightmare of costly potential litigation become a landlord, have the ac go out in Phoenix in July, and inform the tenant that you just don’t have the funds to replace it!.    

While most of his experience is with new construction rather than remodels, he’s already given me a few pointers and is looking into potential referrals for me.

Also, factor in potential interest rate changes if the HELOC isn’t fixed.

It seems every market goes through a cycle -- unnoticed potential; early titillation as the potential becomes known; flood gates open and gold rush is on; property prices rise, revenues drop, regulations come in; and finally balance is found.

I’d dig into this a bit more.Another assumption that stood out to me as potentially problematic is the 6% income growth and only 3% expense growth.