Consider consulting a real estate attorney or CPA to determine the best strategy based on tax efficiency, future sale plans, and estate considerations.

Thanks in advance,AaronWe use Fudge insurance which is based here in Orlando and specializes in Orlando area STRs.

I charge a scaled pet fee based on the size of the dog with a premium for high risk dogs.

DM me so I don't lose you, we are not based there (CO-based until probably 2033)

Since you’re based in NY, Detroit is just a short flight away, making it feasible to visit and get a feel for the market and the team you’d be working with.That said, I’ve worked with plenty of investors who have never actually visited and still built successful portfolios—it really comes down to having the right boots on the ground.

For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.

I've been giving lots of thought buying a lot for build and sale of a SFR, and would like to touch base with like minded folks.Thank you,Shawn I was in the 6 month program and paid $5000.

Here’s a thought:Step back and evaluate which properties, if any, are truly worth keeping based on current performance and future potential.

To maximize your investment, use financing options like FHA or conventional loans, analyze deals based on cash flow and cap rates, and network with local investors through REI meetups and BiggerPockets.Good luck!

Based on the information provided, you can only claim a capital loss when you actually sell or dispose of your REIT investment, not when the REIT simply returns a portion of your principal.