As long as you have access to a lot of capital to fund renovations, vacancy, and unexpected items, not to mention can handle the stress,  and trust me--t will be a lot, and it's a lot of stuff no one  (except BP!)

I don't know what $$price would affect ti, but it would be pretty high......not only do vacationers have more disposable income, but you also need to factor in that when life gets more stressful, people need to get away even more.

Yes, it will reduce your current rental income but, if you plan to borrow money for another acquisition, any debt will reduce your income.

Alternatively I could wait until Jan 2022 to reimburse myself for the 2021 home office expenses, but it will become a part of the 2022 P&L calculation, so it will not help us to reduce our taxable income for 2021.  6.

A property around the corner from me was listed at $190k, price reduced about 10 times, and sold for $160K.

Buying turnkey does not reduce your due diligence effort.

@Dan Kim, one thing to remember is owning rentals is a job, and often times a very stressful and time intensive job.  

A qualified 3rd party intermediary makes everything easier (also required) and if you don't have another deal or property lined up or in the works it makes the process 10X more stressful.

Moving a new tenant into your property can be stressful for both the tenant and the landlord.

It has been a stressful year for me with respect to repairs.