Check out Furnished Finder, Airbnb and VRBO (30+ day stays) to get a good idea of what else is out there in the area of El Paso you are looking in.

For LLCs, it’s true that many investors start without one, but with significant assets and your husband’s profession, asset protection is definitely worth considering.

My approach is to take a few minutes per quarter and make sure it is accurate by manually checking my true competition and adjustmenting prices accordingly. 

I just came across the idea, but don’t quite understand how it works or if it would be worth pursuing.

Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.

But just in case things turn around quickly and you want to jump on an opportunity, it’s good to think ahead.I’d check back in with your CPA and ask specifically:•If I don’t use the cost seg study this year, can I carry it forward and use it later?

Murrells Inlet, in my opinion, is the better strategic route but you need to check out both and vet themselves for your risk tolerance.

So take that for what it's worth.

If they try to find another place, they’ll usually realize they already have a great deal and stay.8.Long-term tenants can be worth a slight discount.

The home office deduction cannot increase your passive losses:You can only deduct home office expenses up to your net rental incomeIf your rentals are already showing a loss, the home office deduction won't helpExcess deductions carry forward to future yearsMust apply §280A limitations first, then passive loss rulesExample: 🔢Rental Income: $24,000Regular Rental Expenses: -$20,000Net Before Home Office: $4,000Home Office Expenses: $3,000 [using allocations, not the Simplified Method]Result: Can deduct full home officeCounter Example: 🔢Rental Income: $24,000Regular Rental Expenses: -$26,000Net Before Home Office: -$2,000 (Loss)Home Office Expenses: $3,000Result: No home office deduction this year (carries forward)Reality Check: 🤔Let's be honest - while technically you need to:Calculate net rental incomeApply §280A limitations [Consult your CPA on this!]