@Bud Gaffney great margins in Dominican Republic!

\/O\/ I like the "clear evidence of gentrification" area you mention.Yes, it is a slow process and good things take time but stick to that pocket IMO.Buy cheap with a margin of safety, work the market since you are local and you will have a much higher rate of success than a DIY out of state investors.Just my opinion and wishing you much success

@Michael Plaks has a great post on this topic.2 - Assess the value of those tax deductions to you: The value of a deduction depends on (a) whether you're actually able to use it to reduce taxable income and (b) your marginal tax rate.As an STR, assuming the average rental period is 7 days or less, key items to consider are: (a) material participation and (b) avoidance of "excessive" personal use.

I'm still doing the same thing I've been doing since 2019.I source my deals off-market, I put some work into them, and then refinance after I place a tenant.The numbers we're doing are pretty similar in terms of margins as they were in 2019.

The 43rd St deal was a very skinny deal, presenting minimal profit margins.

Yearly net cashflow after absolutely all costs and a margin of safety should be between $15,000 - $20,000.Lessons learned?

I can do similar via margin with stocks but margin has more risk

If you pick the right spot in FL, I think you can still flip with your experience, but the margins are tight now because values are going down in a lot of parts of Florida.

Be sure to allow some margin for error in your first deal because you'll make some mistakes but be sure and try to get into action quickly! 

You need to find a deal that works under beginner terms.Hard Money/Private Money works when the deal is good and when margins are thin it can be costly that's why sticking to max project cost being less than 72.5% ARV is key.