Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.

But we’re starting to see this program gain traction along the Front Range especially with lower income tenants and properties.

Initially, the properties that I buy in another market don't have to cash flow a lot, my metric is $150, as I'm focused on the long term gain when they're paid off  and I have a W2 and am also a realtor.

Major cities where STRs have only began rising up and gaining public spotlight with the rise of AirBNB are more likely to have more shifting and less stable regulatory environments since those areas are still in the process of trying to find the balance for STRs within their markets. 

It just feels like I’ve been making a lot of short term sacrifices for long term gains and I have to be really diligent with money management. or I could also just try to borrow money for the renovation, and pay off the line of credit over time, but I feel like that really would limit me and if the stock market(my collateral) went down I could also see some trouble. 

@Paola AstridIf you’re considering refinancing an FHA loan, it’s a great way to lower monthly payments or gain more flexibility.

This allows you to invest in another property while maintaining the asset.Alternatively, a 1031 exchange lets you defer capital gains taxes by reinvesting in higher-yielding or diversified properties. 1031 has limitations.

Of course the listed price may not be the actual rented price, but by tracking several listings for a while you can gain a better understanding of the market.

Beefing up your portfolio holdings  (even if your individual ownership in the deal is modest) is one of the best ways to gain credibility.

Very large out-of-pocket medical expenses are also part of this game.Balance gains and losses on your investments.