Hi everyone, I am new to STRs and will be closing on a property this week.

@Randall E Collins  I believe Stuart was making light of how most approach syndications believing they are easy.

here's the shortest version on my situation:1) bought a house for mom in 2005 - she lived there til 2011 (not nearly long enough) did not charge rent2) rented the house maybe 4  intermittent years between 2013 and 2018; filed taxes accordingly with 'income' and 'depreciation'3) lived in the house between 2018 and 2023 when I sold it: almost exactly 5 years to the day 4) cash (after closing) was @ $240kA friend suggested that I may need to repay depreciation? 

I bought my primary residence last year, and actually got paid $7,000 at closing for a new construction house!

Makes sense, if you allow the seller to have logging rights post-closing.

Assuming a 250k house with 20% down, you're saving close to 150k on interest alone.

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

Found the deal for sale in 2022 and stayed close to it for ~18 months.

I have upwards of $50K to spread into several properties that can cashflow.Im ready to close on properties any day now!

Found the deal for sale in 2022 and stayed close to it for ~18 months.