If your self employment income is not high, it's likely that your deduction saves you more tax than the self employment tax you would pay.

.) -- failing to hire a property manager in an effort to save some $$$ when you're not local AND you're not intimately familiar with the market is almost always a penny-wise, pound-foolish move.

Not only could it save your skin, but also dissuade stupid lawsuits because you would be too hard to extract money from.

Legalzoom offers free setup + state filing fees.We will have an online zoom session in the first week of April.

We have a PDF for each of our STRs that we send out a few days before guests arrive. In the future, I'd like to move this guest info to a digital version so I can send one URL to guests with all the info they need. We...

So does owning, yes higher but the tax savings you get plus appreciation FAR OUTWEIGH the extra upfront cost.

@Maria PutnamI wouldn't start with a private lender... since it's your first investment I don't think it's fair to put their money at risk.I'd just save up enough until you can get a more standard hard money loan.

These gatherings offer great chances to network, meet other investors, and pick the brains of seasoned pros.Join Online communities: Think about participating in online groups and forums devoted to real estate investing in addition to neighborhood get-togethers.

I don’t have a lot of cash savings and I just utilized my VA loan, thinking heavily of buying out-of-state.

(there are plenty of articles/resources online on how to winterize a house)--but, at bare minimum, the heat must remain ON .