I think I'm paying about $4300/yr on a $600k property but that's in western NC and rates will vary by location.

@John DavisCongrats on closing on your first investment property!

Hi Justin - It sounds like your Airbnb is performing really well, especially considering your initial intent for the property.

Now days you don't buy a deal you make the deal either with how you operate the property, how you finance the property, or how you purchase the property.

@Cameron NordinA cost segregation study accelerates depreciation by classifying certain building components as personal property or land improvements, allowing them to be depreciated over shorter recovery periods (e.g., 5, 7, or 15 years instead of 27.5 or 39 years).By accelerating depreciation, cost segregation lowers your tax basis more quickly than standard straight-line depreciation.

Quote from @Henry Jay: Hello, me to real estate and look for knowledge in flipping and rental properties. 

Message me if you'd like us to analyze a property for free.

Vacant properties are targets.

The first mistake is the property is free and clear.  

Quote from @Greg Strunak: Hey everyone,I'm going through a divorce and trying to figure out the best way to keep my Airbnb property.