I’ve helped plenty of investors navigate these tricky tax and management questions, especially with properties in popular STR markets like Phoenix and Austin.Good luck with the purchase—sounds like you’ve got a great opportunity on your hands! 

He goes to forums, meetings, markets to leads HEAVILY, studies like crazy, and more.

Lets say the market is 200k houses.

I plan to live in one of the new units long term but will rent out the second new 2 bed 2 bath unit at the market rental rate.

It depends on who you are, what you are trying to accomplish, and how litigious your market is.

I think the key with MTR is gauging the market and casting a wide, but calculated net at first.

I am now starting to market on Zillow as well.

Then the land flipper will get to work marketing the property and selling it on to the next buyer at an inflated, more market-related, price.

For those that think purchasing in the Northern Virginia Market is out of their scope here's the background on my wife and I's latest investment.

One of the awesome parts of the Jacksonville buy and hold market is the appreciation and the affordability.