I completed Form 8824 in TurboTax as a combined transaction.From my understanding, this transaction is tax-free, and the gain is deferred.

And with lehigh there are still 100k or more vacant lots so you have a classic supply demand.Lastly  ATL  land deals.. this one still bugs the crap out of me..

With those two combined that is going to help me have a lower monthly mortgage payment.have you thought about negotiating a price reduction and negotiating seller concessions that you can use for buying a lower interest rate and/or closing costs?

It reasonably allows us to forecast the combination of traditional W2 earnings + a growing real estate portfolio and model out corresponding tax considerations. 

It's a unique opportunity to combine my passion for real estate with hospitality, and I'm eager to dive into the process, build a portfolio, and create welcoming spaces that generate both income and experiences.

Depending on how much I had invested I'd be up many nights trying to decide to keep throwing money at this or not.Being totally honest, if I had any significant money invested in these funds right now I would be crapping my pants.

Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.

However, if your spouse qualifies for REP status (for example, if they are a stay-at-home partner), you may be able to apply the losses to offset your combined income.

I don't think it is that accurate sometimes, but combined with the review on the 2 OTA's, you should get a pretty good idea.You can also go to Awning.com's estimator - https://www.awning.com/airbnb-estimatorIt is free and pulls the same basic data AirDNA does.

House hacking is the most powerful way to get started in real estate investing, and it sets you up for success because you learn so many things: dealing with contractors, how to screen tenants, lease negotiation, but most importantly, your goal should be to reduce or eliminate your housing cost, and there are a lot of ways to do with house hacking depending on your flexibility with strategy: rent by room, Section 8, mid-term rental, STR, etc, and you can combine multiple strategies too.