If they reject the concession and the replacement costs eat too much into your margins, it might be smarter to walk away unless the property has other strong advantages.I’d also weigh the long-term costs.

Angel investors might be interested, but you'll likely have to give up a portion of the ownership or future profits, and there could be potential complications in managing the investor's expectations and involvement.

There are very successful STRs here, you just have to know the best areas to be profitable. 

Since you missed the 2 out of 5 rule, capital gains taxes might take a chunk of your profits, so consulting a CPA would be smart to understand how much you’d actually keep.

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

I have not lived in the property two years and feel that any profit I may make on a sale would get chewed up by closing costs and capital gains. 

Doing this will indefinitely defer paying tax on profit or depreciation recapture. 

I have seen turn over costs wipe out 3-5 years of profits on this class of property.

As you are partnering with your sister, have a legal document drawn up as to what happens if one of you wants to sell and the other doesn't, how expenses will be split along with money you are putting down, borrowing, profits, etc. 

June 27, 2024 at 4:21:30 PMSecured Note I 17°/o Interest I 12 Month Term My partners and I are raising $5 million of short-term expansion capital for the MoneY.Is Mastermind, our exciting and profitable growing business.We have roughly 1,900 paying members with a current valuation of $43 million.