I have used the STR spreadsheet That is provided by BP..  

Can provide all the benefits from a cash flow and tax perspective.

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

-A second property in a more year-round market could stabilize your income and provide steady cash flow even when Palm Desert is in its off-season.

Starting local offers hands-on experience and control, ideal for learning the ropes, while out-of-state investments can provide better returns but require a reliable property manager.

J Scott, one of the more respected authors/authorities on BP, provides scenarios in which wholesaling can be done legally and ethically.  

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).

Did they provide another update? 

Hey guys, what are the top tenant screening softwares that provide the best and most accurate data?

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.