What was your process to lock in on that market? 

Also to network and learn from like minded people.

I’m excited to connect, learn, and eventually contribute as I gain experience.Feel free to drop your wisdom or recommendations—I’m all ears!

This can be helpful if you expect your property to become profitable soon.Save It for Later: If you don’t use it this year, you can save the depreciation for future years when you have more rental income.

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

So maybe this simply won't work. 

Used the proceeds to complete the work on a fixer upper I negotiated for $45k.

We just quoted someone just under 7% based on similar characteristics.

If you continue using it as a rental but reduce STR activity below the material participation threshold, your deductions may become passive and subject to loss limitations.2.

Welcome to the community Micah!