I plan on using the BRRRR method.I live in Jersey City, NJ, and the home prices are very high in this area.

Thanks in advanceI would check out ERA or Heart and Home.

This includes rental income, which is typically taxed at a flat rate of 30% unless you elect to treat the income as "effectively connected" to a U.S. trade or business, which allows for graduated tax rates and deductions. 

Is there a typical minimum period where the penalty applies, like 3-5 years?

I want to get a home equity line of credit to fund buying foreclosure home.

Miami’s Real Estate Market: Your Golden Opportunity AwaitsMiami Single Family Homes: A Hot Market with Growing DemandThe single-family home market in Miami is heating up.

Companies typically have business models which of course are not set in stone, however, changing the way a company operates should not be imposed by a single client simply because it works better for them and not the management company.  

For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).

@Jason Redeker happy to answer any questions about operating short-term rentals in the Lake Geneva area...I'm the owner of Elite Lake Rentals and we manage 7 fully-licensed homes there...3 in the city limits (180 consecutive short-term rental days with the remaining 6-months being 30-night min or 1 rental per month) and 4 other homes that can be rented year-round. 

@Reitta Seidel, yes.Maybe sharing some of your thoughts that made you post this question will yield more valuable feedback.In my market, single family homes sell all year round.