For my money I invested in Oceanfront in Bocas del Toro some islands off the coast on the Caribbean side.

.- Watch out for residential tax exemptions, and be aware of which towns / cities have them.

Hi, I am looking to purchase an 11key B&B for 3.3-3.5 Million using a Private Money Lender.

However, be aware that this might complicate things with the rehab and if you intend to claim tax benefits associated with rental properties.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

So I take what you have and what you expect, estimate the time it would take in a whole year of work and create my flat rate.I notice short term rentals are about 1 hour a month of work per property, since we need to track each property's Profit & Loss for Tax time, this is also tracking a mortgage and depreciation as well for that property.

Cost Segregation is a great tax planning tool.

Hotel / Motel taxes are rising beginning July 2022 for Gilmer county.

@Allan Kapoor, when I bought my first property my defining mental moment is when I decided that I didn't care if I lost money!

Asset prices will come down, and you have the advantage of underwriting deals with actual expenses.Can you imagine buying 3 years ago with much lower insurance and tax expenses.