Arrange a new permanent loan at 70% LTV which provides a new loan of ~16.8 million. 

Smoking inside my apartment was rampant, didn’t know it would leave an almost permanent smell of cigarette smoke inside the apartment (or maybe the smell was already there when we moved in and we didn’t complain).

In case people outside Texas considering Plano, TX for STR, please be aware that Plano City Council just voted for a interim ban on STR in Plano city limits.The purpose of the interim measure, according to Day’s presentation on May 8, is “to prohibit the establishment of new short-term rentals of dwelling units while the city conducts public outreach, collects data, and analyzes information to determine permanent recommendations, due to community concerns about health and safety.”

As one real estate professional told us, “We’ll look back in 10 years, and the prices that seem astronomical today will seem like a bargain.”This year’s “Emerging Trends” also reconfirms two sometimes contradictory property market trends: Aspects of the industry are “normalizing” (reverting to pre-COVID patterns), while others appear to have permanently changed as the pandemic changes how and where we use different types of properties.

However, this was never intended to be a permanent piece of our tax regulations and has begun the phase-out with 80% in 2023, 60% in 2024, 40% in 2025, 20% in 2026 and being completed phased out starting in 2027.

Owning property in another area only adds color to your story and if you're properly  prepared, can mitigate some of the stress from owning and operating a property remotely, it's a worthwhile consideration.I have friends from LA that in the past four years have purchased properties from Texas to Nashville and are in the process of relocating to the latter permanently.

There are a lot of reasons people utilize short term rentals including business travel, non vacation personal travel such as family visits, contract employement (particualrly common in health care), people who have moved in to an area and haven't settled on their permanent living situation.

If you happen to make more gain on the cap gain that you invested in the OOZ, the additional cap gain in your reinvestment will be permanently avoided if you hold your reinvestment in the OOZ for 10 years. 

Government, institutional, military sectors are largely permanent employers.

I am a 41 year old 100% service connected disabled US Navy veteran considered total and permanent.