I have other projects and business' I'd like to pursue and the rentals are a constant distraction and time suck. 

True business man!

My business partner and I actually own a portfolio of STR's in the area, so if you wanted some insight on that business I'm happy to share as well!

However, note that claiming additional depreciation will increase, not decrease, depreciation recapture tax (up to 25%) when you sell.Key Considerations (Updated for 2025):1.

My goal is to help people invest in properties and grow my business, but as a beginner, I'd love some advice on getting my foot in the door. 

I worked as a firefighter so I got the building construction from that background and then the transaction and numbers I got with working within/alongside investors that were in the business doing the stuff I wanted to do.

Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.

Potential for Higher GrowthAs more businesses and individuals move away from congested urban hubs, secondary and tertiary cities often experience significant growth, leading to potential property appreciation.6.

Quote from @David Ojo: Hey @Emmanuel Ola, you can get up to $90k in 0% business credit cards for 12 months.

Congrats on getting started with the STR business.