I know that is valued but it still isn't in a beach community where the real money and staying power is.This does have a 2 car garage though that makes it more unique, a lot of places don't have this due to space constraints.My question is, how do you know what is a good deal and not?

This is growing larger until reality grinds the shadow barrier releasing the inventory that's been withheld all this time.With these properties spending more time in the shadows they are literally rotting from neglect and jilted homeowners wear 'n tear.I'd love to see some more probate discussion because that will be one technique that will be relevant no matter what the environment because of the unique characteristics of probate situations.

Each lender/investor/partner will usually have their own unique parameters for what they invest in/loan on, what return they want, how much they have available to loan or invest.Once you have a deal you're excited about, you can approach everyone with your needs and get quick, straight answers for that deal.Hope you pursue your interest and get started now!

The market is good in that region but unless you self manage, it may not be the pot of gold you were hoping for.

@David Easing David I think this Is a regional thing.. 5 to 10 mil net worth's is fairly common on the west coast and East coast NY Boston type places.. not to mention Texas .. there are always many many people with those kind of net worth's in every city above a few hundred thousand in the US..Just many more in the high dollar RE market..

some in the states would be smart enough to figure that out others would be clueless that's why resident hotels do so well they charge by the week.Also cant answer why we have war zones.. could be there are 1 billion guns in the US.. could be so much reliance on social welfare could be there are just lawless people.. don't really know the answer.but it is regional.. and normally started in Urban core settings.. and becomes less acute in smaller towns through out the US>. 

This is a unique situation because the numbers make sense to flip it.  

Florida is unique in its laws regarding STR laws and a group I feel will benefit everyone with staying on top of changing regulations and trends.Count me in!

The profit/loss is your prorated share of the total property profit/loss after deductions that is reported to the IRS by the property GP and would be used for your own tax return.Normally, a loss is reported due to depreciation and expenses in the first few years, in which case you would owe no taxes on any cash return you earned for that year from the property.Your tax adviser/CPA can give you better details for your unique tax situation (note that I'm not a CPA).

You should consider Niagara region as well.