(your decision may be different if it's a D-class property that's impossible to find good tenants for, versus if it's an A-class property that will rent to highly qualified tenants the moment you list it).Other considerations: what type of Capex do you see on the horizon?

1.if I manage the STR myself versus managing company , Is buying arround the lake or in the city better in what way ?

Versus 0% Capital gain rate on a 20% Capital gain appreciation REI after 3 or 4 years. 

You have money in the bank but since you didn't set it up under a TOD to the beneficiary and had a Will that has to go through Probate versus a Trust which could have given them immediate Legal access, all of your hard work not only goes down the drain, but you have tied up your Beneficiary into a legal mess.You want to talk with a Trust Attorney and not your normal Attorney.

@David WildAmount of financing you have on a property has no basis for taxes.It’s what you paid (and any upgrades) versus what you sold it for.

Always use a Realtor that is an investor themselves because most Realtors are used to dealing with emotional purchasers versus investors like us who analyze our purchases strictly by the numbers, (if you're doing it right).

However, that agent is a private firm versus the “reach” of Caldwell Banker. 

Tie the money to something tangible versus simply offering cash.B is more tough.

In the end, it's Active participation versus simply passive investment.

It's good to see a California city do something constructive versus the typical obstructive approach.https://www.ksbw.com/article/s...