When you convert to a rental, the basis for depreciation becomes the lesser of the fair market value or adjusted basis on the date of conversion.

and see what skills you might have to add some value as a side hustle.Things started to happen organically as I got more involved in the Chicago real estate market, and I am confident they will for you, too, in Seattle!

@Taylor Davila,I'm not in the Louisville market, but how I figured out potential vacancy and pricing is by using several tools and even looking at airbnb.

And that his understanding of business and economics enabled him to lead our country to establish the free market based system we benefit from today. 

I’ve been investing in the Tampa market for over 20 years, and in just the past year, I've bid on several mid-size apartment buildings and at least a dozen duplexes.

If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.

They’re willing to work with me and are local to my market.

And she was telling me the prices don't make much sense around the Seattle area so she is interested in the San Antonio market instead.

If it didn’t take a long time to generate that cash(1 year or less), I would consider doing syndication and wait and see how it went, while continuing to educate myself on local market conditions for an investment property.

I hope to connect with people in the community, learn how to shop investments, find markets, and all things CRE.