Readers should seek professional advice.

Readers should seek professional advice.

Readers should seek professional advice.

Attitude and professionalism are paramount; product knowledge next, and then there's your contact/follow-up systems.Put that together, price-test against the market, and you'll have a sustainable, constantly expanding, and very profitable venture.Good luck! 

You also don't need to do a traditional long term strategy, is there a draw the  area that playing host to a traveling nurse or other professional/student would be interested? 

RentRedi checked all the boxes for me, RentRedi made this first time property novice, show up as a complete professional management service.I can list my property Receive/review Pre-qual apps, full application and access to the background check with ease.Schedule showings, send approval emailsSet up my rentals and collect rent electronically.Handle maintenance and so much more all through the RentRedi app.

I have a tax firm that specializes in working with real estate professionals/investors.

We have seen that having a professional marketing piece builds credibility which is invaluable in this business. 

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

The area has attracted a lot of new young professionals with their work from home marketing that gives $10,000 to qualified families to help them establish themselves in the area.