@Joe Villeneuve I come from the "professional shops", the Institutional Private Equity and REIT industry, that's exactly how it's done when investments are evaluated, your Financials do not show any profit until all of your initially invested cash has been repaid by the Asset via Monthly, Quarterly, Annually distributions, or at the closing of Sale.

Many local host clubs have quarterly or semi-annual meetups in person and/or online.https://community.withairbnb.com/t5/Local-Host-Clubs/ct-p/en...

Any time you have folks in that close quarters you are going to get some 'personality conflicts' among the residents.  

In order to make sure you're optimizing your tax advantages and adhering to all applicable requirements, even while I can offer broad advise, I suggest speaking with a tax professional or accountant who is knowledgeable with real estate taxation.

Hey Ralph,Typically if you sell a property or any asset for a gain within 12 months, you pay capital gains tax at your tax rate. 

Any feedback would be great:Purchase Price: $219,000, 90 days on the marketSurface area: 1900 sq ft1 unit renovated in the past year which includes new flooring: $800, other 2 units: $690 eachEach unit pays water/sewage, $50 internet feeCondition: roof is ~15 years old, will need replacedI was provided with an expense report for the 3rd quarter of 2023.

., income - expenses).Individual foreign investors pay income tax at graduated rates up to almost 40%.

@Joval MathaiI recommend finding a tax strategist that specializes in real estate taxation and STRs.

Something with a separate living quarters and in a decent area of town. 

You may also owe self-employment tax.If you're earing income all year long, and not having anything withheld like from a paycheck, you need to make quarterly payments.