A team member just helped a client close on an industrial property in Sioux Falls! 

Jim its not only CA OR WA  I ( or my clients) have had to remove squatters in virtually every state I have done business in over the last 2 decades..

We are now producing over $200k year gross income with $83k debt service.

If you'd like more assistance message me personally, I'm starting an Airbnb consulting service.

However, one of our clients wants to use his home as a mid-term rental and he lives right outside of Austin, TX.

you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet. 

I have a list of 1/2 dozen properties in “cool areas” that will cashflow out of the box, and have a vacant unit, that I just prepared for a client looking for something similar.Let me know if you need contractor recs - my contractor is an investor as well, and will help maximize your budget/impact.

Ask questions and learn as much as you can to figure out your best path forward.Thanks for your service!

I have clients who only care about cash flow, and I have others who focus on long term growth/appreciation.

They are not your CLIENT.