Hey everyone - Wanted to confirm something before filing the taxes for my STR, which is located in Virginia.Am I able to deduct all insurance, taxes, and mortgage interest for the year if my STR was available for rent the entire year but only had renters in it for 150 nights?

And depending on where you buy, taxes & insurances have hard resets.

Prepayment penalties can be used to insure against an early payoff.The times I’ve used this technique to create high yielding note I enhanced the return by being able to sell the property above the price I paid.  

Multifamily house hacking is a CLASSIC strategy and very rewarding.

The best strategy I see for it is as a Luxury STR, I’m just not sure the market supports this. 

The combination of lower occupancy and continuously increasing regime fees (insurance was a big factor) forced them to sell. 

Great find and smart strategy @Christopher Berra !

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $585,000

Cash invested: $300,000

10 bedrooms and 7 Bath, 1947 built. Purchased and fully rehab entire house under 6...

If you're new to the investment strategy of house hacking, read "The House Hacking Strategy" by Craig Curelop.

It also depends on your exit strategy.