Capital gain can be avoided by using sec 121 home exclusion (upto certain limit).

For example we write exclusive use of the rental property includes use on two sides to the tree line, on one side to the rock wall and to the front curb. 

From a sales perspective, if you're married ($500k) or if single ($250k), you'd have a portion of the exclusion (%50) assuming the square footage is the same for each unit (assuming a duplex)The remainder (%50) could be 1031 exchanged into another property tax deferred. 

The past five years here in Oregon I've focused almost exclusively on investor related acquisitions and sales of vacation rentals, multi family complexes and commercial real estate. 

But, excel is totally fine in the beginning (in addition to your PM software to capture transactions outside of the properties).We use QuickBooks Online exclusively for all of our REI Clients.

Think about partnering with local event organizers and advertising your place as a perfect accommodation for visitors.Seasonal decor: Make your property feel cozy and festive during the holidays, or provide season-specific gear like beach chairs in summer or sleds in winter.Local Partnerships:Experiences and services: Partner with local tour guides, restaurants, or even spas to offer exclusive deals or curated experiences for your guests.

adults=2&search_mode=regular_search&check_in=2024-10-04&check_out=2024-10-05&source_impression_id=p3_1727635150_P3cSIL37oV190KQk&previous_page_section_name=1000&federated_search_id=217bcec5-e09c-4b28-be99-46c04b71cf6eI'd try to balance between the two for furniture, it's always a risk of course if you buy something nice it could get ruined but on the other hand you could charge more for the space, there's always a give and take.

The great divide” is between purchasing real property for CASH FLOW, or purchasing real property for CAPITAL APPRECIATION.IKnow, I know, the two are NOT mutually exclusive.  

I am both an investor with a large portfolio and an agent that works exclusively with investors. 

Our dilemma is who to rent it out to...The most serious party is a very large family, 3 adult couples and 4 kids.