Any tax pro who is familiar with REI will be able to help you.

You must learn to manage the property well.

Keeping clean records from day one really helps when tax season rolls around.

2024 will go down as, "The Year of Taking Action".
Getting back in the game came with some challenges. Mostly, the challenges were related to having the wrong mindset about taking action.
Measuring the input is the...

I’m new to the world of real estate but incredibly motivated to learn and grow.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

Now some stayed with me and that was great but some learned that with a little bit of knowledge you can do it on your own.  

Lessons learned?

Hello, I just completed the Multfamily boot camp and I learned the importance of partnerships.

STR seems to have better tax benefits (in the right market) but is it worth it at a distance ???