The house was 50k total it was funded by my savings, and my grandparents and parents money that was for collage the house is well worth around 145k, I will be using the equity in the house soon to do a short term rental for some high cash flow. 

Grateful for friends in the BP community who've gifted me "The Book on Managing Rental Properties" by Brandon and Heather Turner.With so much to learn in such a short period, I'm eager to hear any advice this community has to offer.

My goal is to own some land so we have somewhere to come back to (my wife and I currently are nomadic) and also potentially short term rentals while away (rent to other RVers who need a spot).now my question: Would it be best to pay this for cash outright as 1 of our first investments?

I have met tenants and chatted with them in parking lots before making an offer as well as during due diligence periods, even inspections.

I did furnished rental in South bay for a short time.

Heck, I'm a degreed accountant and the sum total of my undergraduate education on 1031 exchanges was one-half of one class period. 

Hey @Bill Bouillon, the two "main paths" we see investors taking for the maximum tax benefits (in general) are "real estate professional status" and "short term rental loophole".

I hope your ARV is more than $1.2, but it sounds like you want to use this as a short-term rental. 

On the price point you're talking about you'll earn approximately 30% more over a 5 year period (6% annually) than a straight sale.5.

Hey Maryam, that is an insanely loaded question with no short, easy answer.