The goal is to find a way to offset some of the unexpected W-2 income and pick up of a vacation/rental property at the same time.I like the eastern shore, but I’d really consider your actual goals , if you want to own a 2nd home and use rental income to offset it great, if the only goal here is to save on taxes It’s probably just not worth it.

Now go over to Airbnb & you’ll notice that most of the highly desirable (aka high revenue generating) homes are baller properties on the south shore of Destin.

However, this can be a temporary fluctuation.

Meaning West Loop, Logan, Bucktown, Lincoln Park, North Shore, Gold Coast, Old Town, Wicker Park, Logan Square, River North.. list goes on!

Allen Park,  Ferndale, Redford, Saint Claire Shores

Nelson Nash developed the concept in the early 80s but the product the concept utilizes has been around for much, much longer.Since you brought up term insurance (which is temporary w/ no cash value accumulation or dividends), oftentimes a policy will be supplemented by term insurance in the form of a rider that allows one to increase their death benefit such that they can store more cash in their policy without triggering IRS MEC limits and therefore be subject to tax hits.The concept and its value proposition is incredibly misunderstood (and sadly often abused) but the reality is it works.

We do not adjust cleaning fee unless a property is really struggling and then we do it as a temporary move.

Even if you contest it you do so after they collect the funds back from your account, which is why the consumer's bank issues a "temporary" credit during the dispute process.Essentially you burn a processor and you're done with electronic payments for 5 years.

However, you will need cash reserves and cash for downpayment/closing costs, so until you have that part shored up, I think I'd wait to buy, but continue analyzing deals.

Skills, tools, subs, muscle you have to complete fast on paper.Architectural plans with elevations.Plat map, drawing where house goes, title report, gas lines, cost breakdowns, temporary power...Reports of existing utilities.Notes on conversation with planning desk on time frame.Combining the two loan types can be done, you need to be a great secretarial story teller on paper.