You can generally deduct your business expenses not paid by the borrower.If you’re running a lending business, no matter how small, like any other business, you can deduct all reasonable and customary expenses.

Currently, I bike and take the bus to work to save on expenses from owning a car, I meal-prep once a week and eat out only occasionally to save on food costs, and I strategize my regular spending to receive the maximum cashback.Looking forward to interacting with this community and learning more about making smart investment choice.

We own in Florida, but we do not own in the keys and I was hoping to get some more nuanced feedback than what I've seen in older posts (something more than "follow the law, get STR license" etc).Specifically, in the lower keys (Summerland to Key West):- how important do you find private dockage to be to 28 day "STR" guests?

It also has a much lower ROI compared with what I had seen in many of the US markets.

It's also expensive, locks you in, difficult to use, and the support is very poor.

Does the income cover your expenses and generate a positive return on investment?

On market deals are tough, but there are great deals on the MLS and you also do not have to offer what is listed - if you see a property that works out with a lower offer price, you can simply put in an offer.

In an expensive market like CA cash flow at 4% could be great if the other metrics were solid.

When they sell an expensive property, they have money left over to bid up properties in Arizona and live in much larger and nicer houses in better neighborhoods.Anybody who already has properties in Arizona has done quite nicely.

Due to the upkeep and expenses of the land I would probably only go after it if you think it's a sure bet to sky rocket or it will present a development opportunity down the road.