A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

What are you looking to achieve in the short, mid, long term?

Using your example, you sell Mon for your $155K and have a contract on a new home for $100K two weeks after this one sold.

Myself on my own and working with my dad we flipped everything we only bought props with substantial equity that we could resell As fast as possible with my dads company doing mainly wraps as dispo on short term notes .. so the sellers were out of the deals with in 24 to 36 months..

But I’m thinking of getting into STR investment and become more active.I’m a complete newbie to short-term rentals (STRs) and eager to wet my feet in this area.

If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.

Some have closed deals, others have deals under contract, and any progress (big or small) is celebrated.    

I specialize in single-family homes and long-term rentals that are turn-key ready in over 10 markets.If you'd ever like to connect or have any questions about turn-key investing, I'd be happy to help!

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

I am under contract to buy and flip a house that I am paying $615K for.