This allows for deferral of capital gains taxes until December 31, 2026, with potential reductions in the taxable amount if held long-term.

We are very excited to share your investing journey with you and here to help you reach your goals however we can. 

I also have a few valuable resources that might be helpful to you.Feel free to reach out if you ever need anything—happy to help in any way I can!

Reach out to a few and see who you like. 

However, once converted to personal use, you can no longer claim depreciation, and the accumulated depreciation will reduce your adjusted basis, increasing your potential taxable gain upon sale.

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

Personally, I'm waiting for the lawsuit by a seller against his own broker for refusing to vet a potential buyer and then show to a qualified buyer.

If you end up going feel free to reach out. 

Hi Logan-Thanks for reaching out!

If you have any accounting questions, feel free to reach out!