I do appreciate generating attention to the post for guys that might have some advice that isn't the obvious.

So you can have section 179 losses for your rental even if the rental isn't generating positive taxable income, as long as you have other active income. 

I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!

When you have enough data over a long period of time, there should be enough to generate a useful score. 3.

. :-)A quick comment about property prices: We cannot go by “estimates” regardless of who generates those estimates. 

Quote from @Theresa Holl: Quote from @Varinder Saini: We are building a real estate AI platform that specializes in analyzing disclosure packets of hundreds of pages and generating concise single report of important findings. 

On a rental that’s not generating income is it any different book keeping wise then you would for a rental that’s is making money Or what are good things to know or learn Thank you !

I know there are a lot of very experienced investors here in the country who have been successful for a generation or so.

In many of these financings, the buyer paid a purchase price based at least partially on the increased cash flow generated by the property being “proven” as a successful STR.  

My primary focus right now is on finding opportunities to generate passive income through real estate investments.As a beginner in the field, I’m eager to learn from others who have gone through the process and are now experiencing the rewards of their hard work.