Wishing you continued success as well! 

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.

In layman’s terms, I took all of my earned income to continue with the rehab only paying down my debt when someone else paid me (my lender via draw money).I won’t bore you with the details, but this lasted about 6 months.

You hired them to evict the tenant, so they should continue representing you until the tenant is out.

But I would not continue the Zillow et al. listing with that photo.

Reinvesting $700K defers most taxes, preserves equity, and allows continued depreciation benefits.

@Ricky Smith if you continue to expand, how will you hire help w/o a PMC set up?

Continuing on the north coast, another idyllic vacation rental location is Pacific City Oregon.

If you can continue to get an 11% return, I would stick with stocks.$500,000 will turn into $1,000,000 in less than 7 years.Great return and little to no work.You may want to consider spending $400,000 on stocks and $100,000 on a rental property.Take the $100,000 towards a property and see if you can make a return and handle the work involved.Best of luck!

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.