There are a lot of hosts that are losing money on their vacation rentals, and there are hosts still making a killing.  

The only thing I can think of is maybe get a co-host to manage the day to day.Are you wanting to vacate the upper floors and find a new place?

Is it realistic to pass material participation test if the property located far from primary residence, like vacation rental?

Skip the vacations, skip eating out with friends.  

Hello everyone,I’m a 18 year old electrical apprentice and I’m looking to do a full dive into real estate investing.I am in the union and earning base wage, parking, vacation pay, pension and full benefits are covered.I am saving about 400/w in a high interest savings account right now which is 60% of my pay, I am going to get guaranteed $5/h raises every year for the next 5 years.

Of course OBX is 100% vacation destination only being no industry or jobs outside hospitality.

Flips, BRRRRs, vacation rentals, etcHi @River Sava,Thanks!

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

The good thing about househacking a legal multifamily unit is that lender allows you to use the vacated units of 75% market rent as an income to offset the potential current mortgage.

You're in an incredible area for long term rentals and vacation rentals.