Effectively, you would claim depreciation for a portion of the year depending on how you set things up initially during the year you purchased the property.

Inflationary powers have set a new floor for material prices.

I'm pretty sure there are Desi groups wanting to buy a setup like that, they've told me that much and plenty of money on the sidelines looking to invest.The last two set of funders that come to mind are some of your big Pride supporters ...maybe Chip Conley, maybe Peter Theil, maybe Tim Cook, people like that...I'm sure there are a million others. 

@John Dawson the best thing I can recommend is 1.) find a mentor you get a long with who is willing to show you the ropes and just be willing to grind like your life depends on it.  1-3 years of that will set you straight, so long as you're putting your clients first, and doing a good job.  

Despite setting up alerts on Zillow, Redfin, and realtor.com, as well as utilizing alerts through realtors, I am consistently facing challenges in finding suitable deals. 

Set up an LLC together...you provide capital and they provide experience.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

Is the host using dynamic pricing or just a set price?

I'll message you about setting up a call. 

The listed deals are always the hardest but if you can find a good wholesaler your set!