Are you planning on holding onto it after the renos or are you considering selling?

My plan was to keep renting the house, however, the property manager has given us an estimate upwards of 30k in repairs for it to be in rentable condition again. 

🌎Based in Suwanee, GA (Just north of Atlanta near Alpharetta), and planning to invest in Forsyth County, GA and in Lake Junaluska, NC (30 min outside of Asheville, NC) 💫 I plan to buy either a STR, a BRRR, or flip a nearby property in my zip code to learn more, and find out if this is right for me🏠 First got interested when a very successful colleague and Product Manager at a startup in LA left that world to get involved in STR in Joshua Tree, CA.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

We plan to launch this in a few weeks, but you need people to interview right away, given that you are likely in process of being robbed. 

I plan to start house hacking not too long from now but am currently trying to talk to local investors and talk about there experiences with investing locally.

See the source here:https://www.irs.gov/retirement-plans/plan-participant-employ...Therefore, if your property management company manages 401k-owned property, it would be breaking two IRS rules: - Furnishing services to the plan- Receiving personal benefit (compensation) 

I would also add that if you're planning to pay cash ( and actually leave the cash in the house), if it was me I would 100% skip flood insurance in that area.

It's 2 properties, single family homes, in the SF Bay Area.Sharing some details that might help inform the decision, let me know if anything else would be relevant.One property fully paid off, generates between $20-30k in profit after expenses (property taxes, hoa, insurance, etc).The other property is our current primary residency and would operate at a loss of about $10k/year.I plan to travel back to the US at least once a year, could that be a deductible expense with an LLC? 

What do you plan to do when you hit the cap on days rented?