.📌 Key Takeaways:Out-of-state investing can work but requires a solid local team.Use online tools like BiggerPockets, Rentometer, and Roofstock for analysis.A HELOC can help, but be mindful of risks and repayment terms.

I have experience with this business model. 

Any tips would be greatly appreciated! 

I do business with people I have met before, not the sudden opportunist who wants a deal.  

Can't imagine being in business with characters like this. 

They have a team of designers who do it online.

You rent it for one year and create a successful STR business that shows a trailing 12 month net income of $75,000.  

I had to call multiple businesses looking up google reviews, check availability, get quotes then schedule.

(check page 7 of this IRS Pub)Something that's non-passive and you materially participate means you can deduct those losses up to the excess business loss limit. 

As small businesses, securing funding can be a real challenge.