Fundamentally, STR is a great space to be in as we recover from the pandemic for a litany of reasons.I recommend following Richard Furtig on YouTube and buying your prospective Zip Code on AirDna.co for Market Data.Richard Furtig has multiple properties in the OBX and has a treasure trove of info on STR ownership on YouTube. 

Originally posted by @Denise Evans:PS, if there is a foreclosure, the borrower will almost always get a 1099C anyway, usually with a much larger amount than if he'd gone through with the short sale.The question, however, is what the IRS will do with that.There was a moratorium on that, as I recall.

Hi Richard, welcome to the RE game and BP.

Hi Richard,Did you ever invest with Parc?

James Masotti and Richard Sherman ,thank you both for your replies It is for a VA loan , and I have 2 years of Rental income on this Property via claimed on my Taxes .Not sure why they are saying that they Can not use any part of the Rental Income as Earned income ? 

@Denise Sieg 10% vacancy means you will have a turnover every 10 months.

- Richard 

hello biggerpockets,My name is Richard, I am a new member on Bigger pockets; I was looking for some information about a workshop presented by Fortune Builder.

@Richard Olshove Great Richard!

@Richard Vang there are specific state laws however why would you wait on making legitimate repairs?