If someone tells you to pursue a particular path, take it with a grain of salt.

While there's some truth to what he says, take it with a grain of salt.

Salt Lake8.

Purchase price: $370,000 Cash invested: $80,000 1966 split entrance3/12,946 sqftLarge home in a fantastic area of Salt Lake City.Property has been neglected and in need of a total remodel.Investors will add a master suite in the lower level as well as modernize the flow.(4/3) 1 total bedroom and 2 bathrooms added Should be completed in under 6 months!

That being said, I'm not an accountant so take with a grain of salt

I would highly suggest though if you have time today to come attend my event in Salt Lake, Hawaii (Near Ice Palace, and JBPHH) from 3pm - 6pm.

With 6 years of that lesson drilled into me, I now take all information with a CUP of salt.

Take it with a grain of salt.

After considerable research, I have identified multiple conflicting citations from CPAs and Tax Attorneys regarding the non-deductibility/deductibility of all/various expenses, one, for example, being Property Taxes with the implication being that State and Local property taxes (to the SALT limitation) ARE, in fact, deductible on the Form 1040 (note: the subject property is reported on Form 1065, Schedule 8825 as part of a MMLLC filing).

@Ryan Ebzery Take the data, with a grain of salt, but Airdna can help you figure out occupancy rates for a particular property: https://www.airdna.co/airbnb-calculator