Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.

Good afternoon,I joined this group after listening to Brandon Turner's "The Book on Managing Rental Properties."

@Chris CoreCan’t find a rental property to cashflow?

Short term rentals are legal when the host is living in the same apartment as the guests and there are no more than 2 guests staying with the host."

In 2015 I bought a home in a neighborhood 3 mins from UCF, college rentals ended up on both sides.

I have to learn all the investment lingo as I am kind of a newbie with rental properties.

You could get into a solid multi-unit or a single-family rental with real cash flow instead of hoping your Katy rental eventually fills.Not saying you should walk just yet, but if leasing drags out longer than expected, would you consider selling and reinvesting somewhere with better returns?

It will not become a rental property.  

Glad you made your way here.. are you eyeing long-term rentals or short-term flips?

The data below is from an actual rental I purchased March 2024 in Sheboygan, WI.