One recommendation I always give to beginners is find local REI club meetings in your area.

Learn what people are doing right now in this difficult market and find a way to replicate their success.A lot of people say they are actively investing.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

I think you'd find it very helpful in your situation.

What made you interested in investing in this type of deal?

Purchase price: $145,000 Cash invested: $60,000 Finding a move-in-ready home that offers modern upgrades and country charm can be challenging—but this fully renovated 4-5 bedroom, 2-bathroom ranch is the perfect solution.

Seeking insight from the community on converting a STR (primarily Airbnb) to long-term rental.

What area is this property in?

And note in this I do NOT skimp on material quality.

I imagine a T-6 is just a Trailing 6 month table that shows our rents, expenses all fully tabulated and organized into a summary table, but having a hard time finding documentation online to support that.