Hi all-Getting close to closing on a prop about 90 miles from where I live. 

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

A lot of the popular areas in Charleston proper that are not licensed under the old laws now require the owner to live on the premises to obtain an STR license.

When your tenant stops paying and communicating, who will knock on the door to see if they still live there?

On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

I live here in Albuquerque and have been investing here for the past 15 years.

Is a beautiful area here and I used to live in Cali I wish I knew about this place here when I was there gay why i thought of promoting there too.

We live in Kihei now since the Lahaina fire destroyed our home, office and an investment condo.

I truly appreciate you sharing these takeaways—it’s clear you’ve not only thought this through but lived it.I took some time to explore your Linktree, Instagram, and the Elevate CIG website—truly impressive work!