I've been interested in real estate for as long as I can remember.

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

If you have a high 7 rate then it might be beneficial in the long run to pay it down if you don't want to put it in a 4% savings account or CD.  

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

I have found there to be a real shortage of long-term rentals in Ludlow and the surrounding area.  

I am extremely familiar with the area, I know that it can rent long term, and it is perfect for my family's current needs.

For investors, the current market presents a mixed bag: while short-term rental income may be lower, Miami remains a strong market for long-term growth as affordability attracts more tenants.What’s your take on Miami’s rental market?

Can they prove how long it takes to rent a vacant property?

They need a well-designed workspace, ultra-fast Wi-Fi, and long-stay conveniences like a washer/dryer and a fully equipped kitchen.Why This Matters for Your ROI:When your STR feels tailor-made for a specific type of guest, it stands out in a crowded market—leading to higher occupancy, better reviews, and repeat bookings. 

I agree with the other contributor that it’s better to own a $1M asset that appreciates 3% per year that pays no cash flow (over the long term) rather than a $100k asset that appreciates 3% and pays $300 a month in cash flow.