The rates are the same as capital gains but it is treated as "income from passive activity" and can therefore absorb rental losses.

At the end of the day, everyone's circumstance is unique so it is best to speak with a professional.

We used to have in-house inspectors but it was hard to scale and with our heavies season being that of summer months, at 1000+ units we weren't able to hire enough inspectors for the last day of month move outs and first day of month move ins and then still keep them fully-employed in our slower season in fall/winter.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

pid=2107Houston Real Estate Highlights in July, 2024:-Single-family home sales rose 1.8 percent year-over-year;-Days on Market (DOM) for single-family homes went from 42 to 44 days;-Total property sales were down 2.1 percent with 8,969 units sold;-Total dollar volume increased 4.4 percent to $3.8 billion;-The single-family median price increased 2.9 percent to $350,000;-The single-family average price rose 4.7 percent to a record high of $445,440; -Single-family home months of inventory registered a 4.3-months supply, up from 3.1 months last July;-Townhome/condominium sales continued to decline, falling 19.5 percent, with the median price up 0.7 percent to $221,500 and the average price declined 0.8 percent to $261,123.

Days on market are around 60 days on average, depending on the area.

Granted Colorado could be different, I experienced the same for my other coastal places that hit me hard in 2022 then did a minor ish one in 2023.

From what I have been told, these Mobile homes are grandfathered in as they no longer allow these in this area. ( I have researched further and found that these mobile homes can all be replaced at anytime with ones of the same dimensions). 

I would be happy to speak to the potential tax / cost seg benefit..If you are going for the STR strategy, you will want to make sure that the average stay of your rental is less than 7 days.