I am in Florida and we have a strong STR market and most of my buyers bought at high rates and using AirDNA we were pretty spot on for the numbers and we were successful in being profitable.  

Thank you guys and I wish you success and happiness In this field!!!

Their success speaks volumes however, its a bit much for me to stomach for a potential benefit. 

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

It's unrealistic. 

If you’ve got any success stories, lessons learned, or even cautionary tales, I’d love to hear them.Thank you for welcoming me to this amazing community.

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I own a LTR in central Houston that I think would be pretty successful as an STR based on the AirDNA data.

I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?

that may work for others, but i don't have enough capital to do that, and the returns are in the tougher strategies (like STR - i didn't look at your other posts, but if you are successful in STR, that's great.)