@Ryan Rich For me,I would calculate the purchase as cash.

https://twitter.com/bruce_care...

For the mindset of an investor, "Rich Dad, Poor Dad" is a great resource and insight into starting your journey.  

Okay so about 1 year ago i read a book that changed my mindset called Rich Dad Poor Dad and since then I've been saving up money through some jobs i worked at.

The one revelation I gained from reading that changed the way I lived was something I learned in RICH DAD, POOR DAD: The home you own and live in is a liability, not an asset.

Though it gets beat to death, I'd read Rich Dad Poor Dad.

@Rich ThomasIt is a passive loss.

After not finding a job with my degree in Biology I picked up the book "Rich Dad Poor Dad" and realized that I wanted to shift my focus into real estate investing.

I'm currently trying to create a healthy balance of gaining knowledge and taking action.Knowledge- I'm an avid listener when it comes to the BP podcasts, have read a number of books (currently at 2-3 a month) and am currently reading Rich Dad Poor Dad.

Running a successful STR comes down to 3 Ps: pics, people & pricing.1) Decorate your house nicely & pay a professional photographer to take some amazing pics2) Hire amazing people - cleaners, handyman, recruit some neighbors to help fill in the gaps, & self-manage or hire an offshore VA to manage the property if you'd rather make yourself rich instead of making a local property manager rich (more on that here: https://www.biggerpockets.com/... )3) Price fiercely to maximize profits not occupancy (they're not the same thing)