If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

More people moving to a city is more potential tenants. 

@Gil CanfuBased on my experience working with over 400 investors, investing in a single-family home in Dallas with a $300K budget is a smart move due to the area's strong rental demand and appreciation potential.

Property owners in these areas can only advertise for monthly rentals and are not permitted to offer daily or weekly rentalsandIn March (2024): Florida lawmakers passed legislation granting the state more authority over short-term vacation rentals, potentially impacting local regulations. 

Understanding the market enables you to spot good bargains and steer clear of potential loss-making regions.

The fact that you moved from your primary residence three months after purchasing may seem a bit strange to your current lender, especially with you potentially having it classified as an investment property in the same calendar year.

You just need a very savvy real estate agent, a  lawyer, a title company and a good relationship with the lender.

Cash-flowing properties will be key to navigating potential volatility in both lending and pricing trends.What to Watch Moving ForwardWhile markets originally priced in multiple Fed rate cuts in 2024, the latest economic data has forced expectations to shift.

I would also check median home prices vs. rent potential, landlord-friendly laws, and supply vs. demand trends.

The reality is stocks are NOT "investing", there savings accounts with super charged interest earning potential, that comes with the risk of going to 0.