In addition to property sourcing, I require an agent who can negotiate effectively on my behalf, ensuring I secure the best possible deals.If you have experience in identifying distressed properties or working with real estate investors in Florida, I would love to connect.

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.

If they’re concerned about price, offer creative terms like seller financing or a higher price with favorable contingencies.

., costly to maintain), they may be open to a discounted or creative arrangement.2.

Ensure the property’s price aligns with market trends, and work with a local realtor to help with due diligence and negotiation.Good luck!

It’s important to be more conservative, especially when starting out, to ensure you’re building a solid foundation for for long term success. 

Go to Pace's group, Creative Financing With Pace Morby, on FB, and look for "gator lenders".

I always double-check my work—and ensure that those working for me are thoroughly trained to do the same—especially in areas where high risks or significant consequences are at stake, such as in matters of high materiality.

It’s simple and ensures the cost is distributed fairly without adding extra steps for you.2.

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.