The IRS requires that you separate the value of the land as land is a non-depreciable asset, thus you are not able to receive a depreciation deduction for the value attributable to the land.

Even PriceLabs specifically indicates that they are not able to capture data from direct bookings from vacation rental company websites.5) There are a lot of "pundits" currently proliferating various analyses based on a small window of data fluctuation: those who got into the business in 2020 and are now drawing various conclusions based on a very short time span.

licenseI...DETAILS FORAZ Contracting Group LLCLICENSE NUMBER ROC 303463This information is current as of 2023-08-12 17:00:39THIS CONTRACTOR IS NOT ABLE TO CONTRACT WITH THIS LICENSE AT THIS TIME.

Good luck Are you not able to apply for a new STR license through the city now in the "Tier 3" category?

I was not able to figure out how to get around the transfer taxes.

Notably, last year saw an unusual surge in October, which traditionally had been one of the slower months, often trailing only behind September.Seasonal Trends Based on Previous Years:January - Recognized as a mid-season period, January experiences a boost from holiday spending that extends into the first 10 days of the month.

@Zachary PetrakYou would need to refinance to a DSCR or traditional loan to pay off the private lender and seller financing.This important to get the buy price and construction costs correct otherwise you will be upside down and not able to refinanceThe other option is to partner with someone and give up equity for them to contribute funds.

Frankly, I have tried and was not able to get a deal under contract that met my minimum criteria in quality - and I did not want to go into the hood.

Even then, we were not able to get information to share with our network to rent the unit out despite asking.

That was 15 yrs ago and unfortunately he passed and I am not able to find out the end result.