Personally I think it is a bit different as these folks are professionals who are coming for work then heading home.

of course, consult with a professional, but recommend starting here https://www.irs.gov/taxtopics/tc701As mentioned, you still have to pay the depreciation unrecapture.Good luck.

I try and spend as much time outside the office as possible networking with local investors and real estate professionals and would love to get a group together to share ideas and learn the different perspectives everyone has on the STL market.

For example, the revenue expected during the low season is five times less than during the peak season.In summary, this methodology offers a comprehensive approach to analyzing the short-term rental market within specific subareas of interest.By localizing demand hotspots, identifying outstanding property types, uncovering key amenities, pricing strategies, and conducting a financial case study, we gain valuable insights into expected returns for properties available in the for-sale market.Ideally, investors would conduct a similar analysis for every demand hotspot within their city of interest, evaluating both the short-term rental and for-sale markets before assessing expected returns.Legal disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial, investment, or legal advice; individuals should consult with a qualified professional before making any investment decisions.Did you find any value in this article?

Stop trying to be the handyman, hire the tradesman get the work done quickly and done right.

You are absolutely right about other travel professionals beside travel nurses.

Partner with a qualified real estate agent, property manager, and legal professional to assist you throughout the investment process.By considering these points alongside the existing list and seeking professional guidance, you can increase your chances of finding a suitable multifamily investment even in a competitive market.

I would also be curious if it was a big chain tax professional or your personal CPA? 

Consider consulting with a real estate professional or financial advisor to help make an informed decision based on your individual circumstances and goals. 

While most medical professionals are good about planning for the future, the nature of how contracts get filled and where that takes the traveler often happen last minute.