Current owner has had no issues in the 6 years of ownership and no issues insuring.

Another thought is to find some previous guests (like myself) that are still around, or still alive, and bring them back some years after their previous show, to kind of document their RE journey.

You either get your money back plus interest or a deed to the property shows up in your mailbox with no additional work required.I got 3 properties last year. 2 houses and an acre of land.I sold one house as is with a QC deed, the other house my 2 adult sons have bought from me at cost.

Plus, it takes several years to break even on the closing cost and first few years of payments are mainly applied toward the interest and less to the principal.

I purchased my first property in June of this year.

I recently bought a 100-year-old rowhome in Philadelphia as part of an estate sale.

(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.

But your taxes are going somewhat up with it.When you normally do have a significant net loss is in the 1st year, the year you place your STR in service.

I moved to Cape Coral just over a year ago and love the area for both living and investing.  

I have personally done fix & flips, and have several clients that have completed projects this year.