Hi @Jessica FrancoGreat to hear of your interest in property back home.From my experience (we own a company called KOURO here in South Africa) it really really depends on the strategy you hoping to focus on, the area, purchase price and what value you can add to that property - as discussed everywhere on BPWe do flips, multi-lets and now recently starting Developments.Our returns are really good and we give great returns to our hard money lenders of between 15-20%.We are quite happy and believe that the property market here, if bought right, will last through any down times.

However, signs suggest that sales activity may be nearing its lowest point in the current cycle, as the first two months of the year were only 13% below the levels from the same period in 2023.The capital markets environment today revolves around two main strategies.

Look at their marketing strategy.

You really want to surround yourself with experts on every aspect of STR investing from insurance to financing, REI analysis, tax strategy, growth and marketing plans, etc... people who are good at this have teams of specialists guiding them.  

To be honest, I moved my strategy to Florida so did not keep up on whether or not Stone Country voted to approve those two homes.

the way the multimillionaire do it is to delay and defer tax as much as possible, so after the accumulate so many loss then when you sell one for profit for example from flip/rent strategy, you could use it to offset the gain

In normal circumstances, your suggestion about avoiding a MTM lease makes perfect sense, and it's a strategy we plan to adopt in the future.

There is absolutely nothing illegal, unethical, or immoral about utilizing a subject to strategy.  

My strategy these days is to meet their vitriol with kindness and their ignorance with wisdom and help.

The homes in this specific area consist of older homes which on a surface level, seem good for a BRRRR strategy.