If it truly means a reduction of 20k+ we can however live without it.While on this topic, are there other features, we may not have thought of other than pool and hot tub, that have a dramatic effect on a properties earning potential?

Constricted supply of housing will continue to drive rents and appreciation. 4th lowest property taxes in the US, no state income tax, and landlord friendly laws. 

Leveraging your $300K into multiple rental properties where you earn in 5 ways on each property is going to help you get to your 7-10 property goal faster vs waiting for rates to organically drop. 

Think that won't happen till 2024, but hopefully sooner. hi, don't you think that buying will earn you more money than letting the money lose more worth by sitting in the bank account? 

Thanks for the responses everyone, the confusing part to me was if I use the deductions against active income year 1 since STR's are an active business, but then switch to LTR's year 2 which correct me if I'm wrong can't count against active income- if this in some way has a disadvantage with recapture, etc. since the STR business would no longer exist

Your primary focus right now should be maximizing your income and keeping expenses low. 2.

In order to start making passive income, I would need to put in about 60k to fix the basement.

Hi,I want to get started with real estate investing, specially interested in setting up passive income through rental yield.

Could you sell it and put the money towards a better income producing asset? 

Interested in generating significant  passive income.