Selling the property offers a significant cash sum, enabling you to potentially diversify your STR portfolio by purchasing multiple properties outright, fostering a more passive income stream.

Are you looking for long-term wealth accumulation, passive income streams, or short-term profits?

The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.  

You get the income generated  from the deferred tax and any amount you buy more than you sold adds to your depreciable basis. 

I profit around $1,500-$2,000 a month off rental income after expenses.

Budget and financing options should be considered, including conventional mortgages, FHA loans, or renovation loans.By focusing on these factors and conducting thorough research, you can narrow down your search and find a vacation home with rental income opportunities in the Orlando area.

I hope this is helpful if anyone is looking for new software to keep track of their income and expenses for their rentals!

Much of your “income” will come from appreciation, cash flow won’t make you free.

Loose qualifications are 3X income, 580 Credit Score, No evictions..... 

I then sold it quickly using creative finance to create passive income.