Enter the STR:Short term rentals are defined by the IRS as properties with an average stay is less than 7 days.

More preparation on the parcels i'm working on.

I don't plan to ever move the property, and I want to keep it as a rental as long as possible.Thank you

I don’t know much about the Australian market, but your curiosity and drive to learn are inspiring.

I haven’t taken a trip yet, but I like the idea of having it available to me.

First off, of you have capital for the DP or money set aside?

@Raymond Charles Gretz Welcome to Bigger Pockets and I wish you the best in your investing journey!!

Purchase price: $118,000 Cash invested: $118,000 Tried to buy a place during the pandemic in NY but was getting outbid like crazy over 100k, so I was lucky enough to buy a condo in tulum mexico and do a short term rental. 1 bed, 1 bath, with community pol, 15 minutes away from the beach and 15 minutes away from the city.

I must have ran the numbers a hundred times.

“Trust the experts.”Why didn’t the inspector say the house wasn’t up to code, even more so than the deck.