Some of the cases detailed would have involved others.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

I have seen it but its very short term and you are still going to need considerable funds to refinance out (6-9 months reserve etc.).

In response to your questions:Biggest q i still dont really understand is:- what happens if i refinance before 7yr term or sellAs you'll be the owner, you can refi or sell before the 7 years. 

I have 3 long term rentals, but this is my first time with commercial property. 

Today, I seek out like-minded individuals who share my values, focused on long-term success and making a meaningful impact.What sets me apart is my dedication to creating real-world, tech-driven solutions that improve efficiency while benefiting both investors and the communities we serve.

Does anyone have any tips and advice on purchasing property in Medellin Colombia for short term rentals ?

Hey @Isaiah Cortez, here are the deets on STRs via the city - https://www.fortlauderdale.gov/government/departments-a-h/de...I don't have any real insights on the area, but do a search and you will find some details.

Depending on your long term goals I wholesale and use the assignments fees to buy free and clear properties and I use creative marketing to buy and keep in my portfolio. 

I focus on staying engaged, whether it’s through regular check-ins, providing insights without expecting anything in return.In terms of systems, I’ve found that a mix of structured tools and personal touchpoints works best.