With rates now much higher, having such favorable financing puts you in a great spot to weather market shifts while continuing to build equity.

.-  Demand- We get tons of calls for people looking in this town and for 40 miles around it and they can't find a spot

I have never seen that before and really puts you in a bad spot

Hey David, as long as you flip the property it shouldn't affect your future purchase if for some reason you have to carry a loan on the property then that will affect your DTI which could potentially affect your future purchase.As for flipping, I think you are in a good spot because you and your Dad can do the work yourself, one of the hardest parts of investing in Real Estate is finding quality vendors and contractors.

Marcus, you're spot on about the importance of embracing an investor mindset in real estate.

You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped. 

Spot on Jeff.

My friend ran into some unexpected zoning issues when he started adding RV spots, which set him back a few months.Since this is your first STR venture, it might be helpful to connect with others who've walked this path.

It’s extremely accurate and I cross referenced my cabins and it was spot on.  

I think that is the sweet spot.