I think using a value outside of that is going to be tough to defend if you are doing a cost seg, which already attracts quite a few audits.  

Then of course, you are also hoping for appreciation.While it is attractive to not have to worry about cap-ex for a few years, many maintenance issues are usualy tenant-caused, so there may still be ongoing issues & expenses needing attention.Another option may be to buy an existing cheaper property, that's still in overall good shape.

So now is a good time to buy if you leverage your ability to put a good amount down and close...that is attractive to sellers that are eager to get out of their property. 

All with 55% down.Generally speaking, a location that is near a National Park or major attraction(s) are going to be the better locations for STRs. 

Honestly, it does open up the amount of renters you attract to. 

Leverage in an IRA will produce Unrelated Debt Financed Income (UDFI), subject to Unrelated Business Income Tax (UBIT).There are plenty of investment options to deploy your IRA funds, but again, using your IRA in connection with this transaction will disqualify your IRA. 

The $35,000 investment was carefully managed to avoid over-improving while still delivering an attractive property that resonated with buyers.

Normally there is some sort of onboarding or start up costs however usually PMs charge based on how much revenue they received hence if no revenue is produced due to the property being vacant, no funds are collected.

It's all come together pretty quickly in the last year and a half so I'm still coming to terms with it myself.The house hack is a four bedroom 2 bath house that my wife and I purchased as our first home with the intention of having it produce at least some income.

Here's a breakdown to my best knowledge  Real Estate Investment Trusts are companies that own, operate, or finance income-producing real estate.