This is very non traditional in the short term rental space, as all stays are paid in advance.

I personally will go all in up to 85% ARV - this give me 15% equity capture at the buy. 

We keep half the house for our use year round but rent the other half out all year long.  2024 tax year will be the first year we depreciate the asset.  

A few other comments;For Philly: It's best practice to include the required documents in the final lease packet and have the tenant sign or initial all to prove receipt.

Hey All,I’m Caroline, thrilled to be here!

All real estate activities you engage in ad a licensee are subject to your broker supervision, and fall under the regulatory rules of your state's real estate commission or department of licensure.

I like to keep things as simple as possible, but I was excited to dig into this one because knowledge is power, and the better we understand these things, the more we can use them to our advantage in real estate.So here’s what’s happening—your CPA is basically saying you’re already showing a loss on your taxes because of all the expenses that came with closing, insurance, HOA fees, etc.

You’re all set just the way it is.

I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.

Looking for all ideas.