As an appraiser I’ve appraised a handful of properties recently that are outside of city limits and operating successfully as STR’s that don’t have the same regulations as the city of St Pete.

Computers can analyze property based on subjective data (square footage, # of beds/baths, etc.) but cannot calculate for objective data (quality of kitchen cabinets/counters, size of bedrooms and bathrooms, view out the living room window, etc.).You should study the market yourself.

In my case I sold off appreciated properties in a location I deemed as having limited future upside, and used the proceeds to eliminate all debt on the better located prime properties I wanted to keep long term.

Now the deed had a time limit on it IE you must remove the timber by a certain date or the Rights to the timber extinguished.

Third: even if your new toy qualifies for a huge depreciation deduction, your allowable deduction may be limited, and may even be zero.

It just feels like I’ve been making a lot of short term sacrifices for long term gains and I have to be really diligent with money management. or I could also just try to borrow money for the renovation, and pay off the line of credit over time, but I feel like that really would limit me and if the stock market(my collateral) went down I could also see some trouble. 

I feel bad for the investors who are likely going to lose out on their hard earned income and invested in this company but it can also be used as a case study for other members of the BP community moving forward before investing.

Since I bought the duplex, I have noticed that ReadyREI tries to limit property viewing as much as possible, and I believe that the reason for this is clear - it is to hide issues and the condition of the property as much as possible.When I first spoke with Ready REI, I was told that they provide a “turnkey” house, that nothing needed to be done to get it ready for occupancy.

For Chase, they seem to have the edge in this category, but I don’t like their business credit card options.Business Credit Cards: I prefer to keep all my accounts (personal and business) in one place, but the options are limited.

For example North Carolina is $40,000 or less, Texas there is no limit, and so on.