I am focusing on gaining knowledge before my first purchase.

My apprehension stems from the possibility that the elevated borrowing costs may outweigh the potential rental income and tax advantages, making it challenging to replicate the financial benefits I've enjoyed in the past. 

Some of our clients have opted to pay capital gains tax on a portion of the proceeds and use that money for the renovation.Not all purchase contracts include the 1031 exchange language.

Hello,one of my renovation would benefit from a new kitchen layout.

Of the 4 REI profits, I still think there's a little light with principal reduction and appreciation, not sure on tax benefits. 

Carola,I decided to go with Invelo, The main reason that I went with Invelo was for the benefit that I can speak with someone if I have issues.

Though I have not went through with either yet, I do see value in it and all the professional hosts speak very highly to its benefit in standing out... which is everything in STR.

Much further research is necessary, but what does everyone think in terms of benefits of investing locally?

I'm eager to share the insights I've gained from my diverse experiences, but more importantly, I'm here to learn from the wealth of knowledge within this community.

Navigating these deductions can be complex, but it's worth it for the tax benefits!