Official paperwork should be prepared with a real estate lawyer, and financial examination should take into consideration interest revenue, tax consequences, and market circumstances.

Keep using your 2/5 primary no tax up to $250,000 and your basic rent offset cost for the investment.2.  

You can go in and offer the county practically nothing for it, but it means more tax revenue for them, and no one would ever build a house or outlet store there.

A lot of areas are cracking down on STR and/or charging fees (taxes) to run one.

Verify if there are any outstanding violations or issues that need to be addressed.Financial Analysis: Review the property's financial records, including income statements, expense reports, tax assessments, and utility bills.

I have investments in Loudoun and one in Clarke County doing extremely well but bought everything in 2008-2013 and have been hibernating since..looking further out in Charles Town WV specifically because of location closer to Northern VA also the taxes are cheaper.  

I think some markets, mainly the STR runners, have another 10-15% to go then the markets hit by HOA/HOI/Taxes still have a bit more correction to go for. 

I'm not ruling out Florida, but it isn't my focus because of taxes and insurance costs.

What rate is passive income taxed at?

Here are the key points:Reasons to participate in the capital call:It may allow the property time to stabilize and potentially sell within 24 months at a better price, avoiding a significant loss of LP-invested equity if forced to sell now in an inopportune market1.The additional capital can cover costs like rate caps and allow renovations to resume, which could help increase revenue and better position the property1.The operating agreement likely outlines the terms of the capital call that LPs agreed to2.Reasons to be cautious about participating:Capital calls can indicate the investment is not as sound as originally thought and is potentially at risk2.There is uncertainty around whether the additional capital will be enough to turn things around, especially if interest rates remain high and the market stays challenging for longer than expected4.LPs need to carefully consider if they would invest in the deal now based on the current facts, rather than just trying to avoid a loss on their initial investment4.Other important points:LPs should review the operating agreement, seek professional advice from their attorney, and ask the general partners detailed questions about the capital call2.If an LP is unable to contribute to a mandatory capital call, they may be considered in default and only entitled to the return of their remaining capital account balance, with no further distributions5.In summary, whether an LP should participate in a capital call depends on their individual assessment of the risks versus potential upside after carefully reviewing the deal specifics and getting advice from professionals.