And make sure that all items necessary for you to get the best rate possible from your carrier (like 4 point inspections, roof attachment points, pool enclosures etc) are present or available.One nasty little factor that can't be helped is that every time you buy a property for more than than last owner paid - you will have a tax bump due to re-assessment. 

The previous owners invested over $12M into building it between 2009-2012 but then left it vacant for years, allowing it to naturally age.

So I had a few questions to see if any of you had a similar experience and what you all have done/learned.First, besides what I put into the unit (25K) is there anything else I can write off?

We host on AirBnB, VRBO, Booking.com and all of their subsidiaries.  

Hi all,I’m just getting my feet wet with Real Estate investing and currently taking online courses on the investment process, principles of calculating returns, performing market analysis, analyzing cash flows and the different types of investment opportunities.

They were all complete torture. 

That's what BiggerPockets is all about.

-Within 45 days of the date the tenant vacates the dwelling unit, a landlord must return all security deposit and required interest, if any, minus unpaid rent and expenses for damages.

@Sharon Patterson, any rehab is a "project" and basic project management principles state that there are 3 key interrelated aspects to all projects: time, scope, and cost.

I was under the assumption that the road leading to cabin was a public road as it is named and marked on all maps, apparently not.