@David Narvaez My partner used a CPA the past two years and both got the real estate portion of her taxes wrong.

Paying a professional to help guide you through this process is VITAL on your first several development deals.

Since I am doing it virtually how do I go on about the title company process and is it vital, I've heard some buyers have their own title company.

@Vikrant PrakashYou will still be able to use 100% of the expenses that are directly used for the STR and a portion of your personal residence expenses against the STR income. 

The Rio Grande Valley is about 90% Hispanic, and a portion do have dual citizenship.

You usually pay an upfront option fee (around 1% to 5% of the purchase price), and a portion of your monthly rent may go toward the purchase price, helping you build equity over time.Pros: Flexibility: It’s a great way for buyers who might not qualify for a mortgage yet to secure a home while improving their credit or saving for a down payment.

There was huge demand this year and not much lasted more than a week on the market if it was priced right.As for traditional rentals muskoka is a great market because our average family income is around 59,000 per year leaving a large portion of people in that lower income level.

$30K would be a massive portion of their nest egg.

So I guess that was my lesson number one: all the issues you’ll have with residential agents are magnified in commercial agents and finding a good agent to work with is more vital in commercial.  

If done right, this strategy could let you offset a significant portion of the construction costs against your taxable income