After depreciation you probably got that return almost 100% tax free.

If you have some free time I would really appreciate talking to you about the area. :)  

Feel free to shoot me a message.

If you have any specific questions feel free to reach out I am always happy to help other BP members.

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.

Some people use their IRA to fund fix and flip's and keep the profit in them tax free. 

The first house I bought, I lived there rent free, AND mortgage free, while renting rooms to other people.

@Lexi Blocksom If the burden of holding the property outweighs the long-term gains, a 1031 exchange allows you to defer all taxes, and you won’t have to recapture depreciation.This option enables you to use the deferred tax benefits to purchase nicer properties in areas with greater growth potential.Once you complete your exchange, you can immediately do a cash-out refinance if you need access to some cash, tax-free.

Hi Stephan happy to connect I'll be in town soon so feel free to Dm me your phone number

Feel free to connect with me on here or through my LinkedIn.