Improved transport is an absolute must for Nashville as it continues to grow at the current pace.

It sounds like they have money, and it sounds like in exchange for that money you're setting them up with an income stream.

Sometimes if that is an approval verse a bank account showing $500K for example, the agent on the list side may need a little education on what you are looking to do, I always have the lender call the agent in this situation to get them on board to get the listing agent more on board. 

Unfortunately, North Jersey is probably one of the hardest BRRRR markets in the country right now because of extremely low inventory, high demand, and pushed up prices because single-family home buyers are buying the properties that we all used to buy to fix up because they are desperate.You can BRRRR, carefully, into many parts of Pennsylvania though but remember that interest rates right now make it very hard to BRRRR.

One thing to watch out for... it is a tax, but not an income tax (so it applies to Roth accounts as well). 

It seems as though you are happy with the property and it is a great long-term hold. 

I didn't see a forum for introductions so here's one, for us by us; (Not Sponsored by F.U.B.U)😂     Hey there I'm Ruben, I LOVE what I do every single day; I help Enable people to do what they're Inspired to do and live a more inspiring life.

It made $43K last year.

Knows a lot about it.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.