You pay 10% penalty plus taxes (lets say state and federal of 25%) - so you are paying $70k in taxes so your $200k is now $130k.

.: Unfortunately STRs do not qualify for tax incentives. you will pay 33% income tax on earned income.

We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.

Long Term non-paying Tenants.

It currently rents with a positive cash flow, and I have been channeling all of the profits from the rents into principal pay down on the property.Additionally, a couple years ago I purchased 2 off-market lots outright by direct mail.

End his lease, and find a tenant willing and able to pay market rate.

The small daily fee you will pay for social posts of your airbnb (doesn't have to be direct booking site) will pay off in one booking.

Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost.

Mom is fully insured w/Medicare (Parts A-G), BUT it pays $0 for long-term care (skilled nursing is only temp & not her need). 

As of today they stopped paying the interest.