My idea is to offer the $600k, I pay current owner $2500/month for 5 years and buy out the rest at the 5 year mark. 

@Mark BadyWelcome to the world of real estate!

I spend about 20-30 min a week for each home, the rest is completely automated to give you a bench mark. 

Originally posted by @Thomas Mark:@Anna Buffkin @Dee Gladney @Michael Cosby Hey guys/gals, I want to invest in the Columbia area but I hear the property taxes triples once it is a rental property verus a primary residence.

Quote from @Mark Fries: Let's connect!  

@Mark Torrefiel check with local Realtors to find a photographer. 

The multifamily real estate market is gaining momentum as we close out 2024, driven by easing financial conditions and attractive cap rates, according to Marcus & Millichap's Q3 report.Cap rates have surged to an average of 5.8% between July 2023 and June 2024, marking a 110-basis-point increase from 2022's low and the highest level since 2014.

@johnunderwood Lot of changes out there:  The NAR lawsuit ruling, the TCPA text law, SC double-close law and don't forget GA's new law banning direct mail RE solicitations unless it is clearly marked on the envelope, which means your expensive letter is most likely going directly into the trash can.  

The table stakes are way too high right now for properties that most new STR owners are either overspending to keep up or missing the mark altogether.

When it is a new development, it isn't uncommon to see someone use the date the Certificate of Occupancy was issued - perhaps that marks the "ready", but it still might not be "available".So you can certainly have a property in service in a given year, but not actually have any rental income - but certainly your facts and circumstances are much better if you can actually get a tenant in there, that (should) shore up your defense on that question ever coming up unless you are playing weird games just to get a given in service date for tax purposes.