It will be a business and will be taxed as such.You will need to get with a CPA in order to quantify those differences.

So just knowing the basics and directing them in the the best tax position is helpful.

Helped us pay off the mortgage, now we are paid to live here after paying all expenses like taxes, insurance, utilities,  internet,  etc👍 

Taxes? 

This will help you stay organized and make tax filing easier.8.

Have considered bank note investing, tax lien/deed investing, loaning it out, etc. 

And fun fact, most states exempt groceries from sales tax, (again, actual groceries that are whole food, and not processed).

Below is a quick summary: Generally, the four sources of return in rental real estate are:1- Cash flow2- Loan paydown3- Appreciation in value4- Tax savingsExamples of performance metrics and what they are designed to measure:- CoC (Cash on Cash) is a measure of net return generated by TWO sources (i.e.

Looking for a CPA or tax preparer that is well versed in the STR loophole and cost segregation.

You can also explore Salem or bordering areas such as Derry or hereabout but they tend to be very high tax areas so that eats away quite a bit of returns and would not appreciate as well as more Boston central locations.