I'm based in Miami, FL and currently rent, though I've been saving up to purchase a home.

On paper this may look like an obvious solution, however, in practice it can cause more challenges (cost) than it saves for most situations.

Helps me save money on my own housing and learn a ton about the business without burning through my cash on the first deal.

Had I done so I would have save a great deal of anxiety, money, and time because I would have known that he had several federal tax liens and was sued by creditors for skipping out on bills, hires undocumented workers, and sexually harasses female tenants. 

@Jesse Kerr the disconnect, in our opinion, is doing everything yourself and keeping it in your head VERSUS a good PMC having to document everything and communicate it effectively to all parties.As the owner, you can make immediate decisions, saving LOTS of time!

Hey @Angelo Cortez, here is the page with all the info - https://www.cityofmadison.com/dpced/bi/short-term-rentals/34...

Even if the property is not currently on the market, it will show you a lot of info that I personally find important.

Good info!

If you do, I would love your info.

Bottomline was a 2022 tax savings (refund) and 2023 quarterly adjustments equaling over $13,000 that we were not expecting.