You focus on one relatively minor issue while missing the bigger picture.You have two properties, not one, for tax purposes.

Once recorded, the owner/seller of the property will not be able to close on the property without addressing this issue, thereby blocking them from cutting you out and selling to another party.Other than that, keep in mind it is VERY difficult to win in court for specific performance to force the seller to sell.Good luck, and keep moving forward!

As you filter them, add them to a tag and then you can exclude that tag from a search which effectively removes them from your list.I'll private message you a link so you can try it out.

This issue is coming every year, and a few tax pros I have talked to are not doing a good job explaining it.Can someone shed some light on this?

Specifically, I'm looking for neighborhoods with a good amount of distressed 3+ bedroom townhomes for sale for $120k or less that require a moderate amount of renovation (no gut jobs or major structural issues) and that will get me a rent-to-price ratio of 1% or higher on the final ARV.Thanks in advance for any thoughts/ideas/suggestions!

Maintenance issue/slow leak?  

Without a full summary of the STR tax loophole for high W-2 wage earners, here is a link to the best explanation and summary I've come across and helped me digest the value of the benefit: HERE In short, the bonus depreciation rate was 100% in 2022, 80% in 2023 and is planned to be phased out to 60% this year. 

Currently a structural engineer so that definitely helps with some of the real estate issues!

@Ferrode Joseph- thanks ...if possible - invest  somewhere you have  familiarity or  connection in as this will  help you  with the unknown issues and problems that arise in the  future  (  eg. 

Here is a link to a REI networking event hosted by a local hard money lender I can recommend: https://noblemortgage.com/events/houston-real-estate-social/Quote from @Detrick Bell: Goodmorning BP family,I’m just now starting out my REI journey & I wanted to connect with those who are investing in the Houston market.