Diversify and leverage the best strategy based on the specific deal.

$25k is only 4.16% of your new purchase price, heck of a deal.Thank you for your service and let me know if you want to talk any more details and run actual numbers based on your situation.

Since you're in Texas, I'll use a town like:  Each town will be different based on the population living outside of town. 

I am based out of Westchester County, NY, looking to invest in multifamily properties.  

But this is definitely a CPA question because the IRS rules are based on your AGI and phase out if your AGI is over $100k.

I’m based in Portland, Oregon, where residential investing seems challenging due to landlord-unfriendly policies and negative cash flow on higher-quality properties.

Since I'm based in Tampa, I don't look outside and compare markets. 

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

If the lease auto-renews to a month-to-month, then you can post a letter on their door (take a pic) or send it by certified mail with a signature required with the new terms starting at the appropriate times based on the lease.

house hack is possible. base way to get feet wet