Thank you,Rami Risk/reward, it’s one of the only areas in region you can get a really good deal vs peak prices, but there’s obviously the risk it doesn’t come back or that it gets worse, I’m slightly risk adverse & crime is something that I have no control over, so I’d probably not be a buyer there but the prices certainly are interesting, if I was included to invest in a down home in dc I’d probably look more Michigan park/riggs park area.

We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?

Wealthability quoted me $15000 include tax planning and filing one personal and one business tax for one year? 

I have rented 2 of my properties for filming, including my own personal home (backyard) just last Sunday. 

I am into it 55k total and collect $1500 a month (each side is $750 including water), but there are a lot of problems.

Make sure you include that in your calculations.

Change to another property that would change the neighborhood, for example going from residential to commercial.10 Selling for a higher and better use, including tear down.

. ($5,657 on a 120,000 property) It included 2.25 upfront loan points.

Include a copy of the property management agreement, any photos, estimates and most importantly the findings/rejection from your homeowners insurance.

The federal tax code establishes stringent criteria, including guest stays limited to seven days on average and the provision of basic hotel-like services, to qualify for this advantageous tax treatment.Understanding the mechanics of the short-term rental tax loophole is imperative.