Consider factors like potential tax implications and long-term financial benefits before making a decision.

If you know you want to get into STRs, find properties in your market or market of interest that are managed by Vacasa and Evolve that are underperforming and have guest feedback indicating the the customer service from the host was poor (as it usually is with the big national STR PMs), look up the owner's name on the county or city tax records, and cold call or text them.

You should leverage the paid off property that you have by doing a cash out refinance and then use that to buy a new build for $300-350k putting at least 25-30% down, you can find these that will rent for 7% (annual) of the purchase price and have very low property taxes and insurance.

Current expenses are $1300 per month (water, sewer/septic, taxes (property and 10 homes) and insurance (liability and homes).   

I know it is logical to think you could deduct half of the shared common space, but unfortunately the tax law wasn't written to allow that.  

"Just try NOT paying your property taxes, you'll find out real fast who really owns your property".

Hello tax experts, I have specific question on filing taxes for Short term rental property (30 days or less).

I've talked to one lawyer who looked over the title and taxes documents and said it's clear, but I don't fully understand what that means.

You will be more likely to succeed and reach your financial independence objectives if you take calculated risks and consult with seasoned investors.

Hello for a beginner investor, which type of investment would you recommend, tax liens or mortgage note investing.