They have a paid off Condo (1/1.5) in a 55+ community, not the most desirable area so worth approximately $100-115k.

It's like an 80% off sale.

It sounds great on the surface: use a 0% APR intro offer on a credit card and then pay it off when you sell/refinance the property.

Hey @Joshua Alcantara - Just shot you a DM, love the hustle & congrats on the success so far!

The time thing is mostly just my hours, I work 3rd shift 10 PM to 6 AM and have weekends off so my hours awake are very odd and depend on the day as I do tend to work overtime a lot. 

Until you work out the bugs in your sysyems and procedures.Or, if you invest farther away, do a personal, physical (not Zoom) walkthrough of the property before you sign off on it.Surprises and out of state investments, don't make good bed fellows. 

So far I have learnt that we need to do the following:1) Get a TPT (Transaction Privilege Tax) license. 2) Register the property as a rental property in Maricopa county records.

I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).

Thanks if you made it this far and sorry for the length.

This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income.