Taxpayers should be aware of the criteria for this specific scenario.

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.

Also, nightly stays should be adjusted based on your specific pricing strategy as well (e.g. longer stays further out, shorter as dates get closer or gaps exist).

You can find online which larger institutions are buying in a specific area and try and reach out to them.

Is there specific tool you like to use in order to manage your property in regards to rent collection, report maintenance issue etc.?

As others have suggested, you can actually buy property with a specific IRA account.

Specifically, I’d appreciate:•Wholesale contracts: Recommendations for templates or tips on using contracts effectively with sellers and buyers.

AND just because you have experience and a “good deal” doesn’t mean you will be successful trying to syndicate the deal.The first criteria is does the sponsor have the general knowledge and experience in real estate, and the specific knowledge and experience in the property type/location to give the project the best shot at success?  

And are there any specific permitting issues popping up post-storm?

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.