You have to remember it's just setting up the correct chart of accounts.

Remember that the real estate community is here to support you every step of the way.

Am I correct to assume the risk is not worth it to rely on STRs in these areas?

Some cases the land is worth more than the buildings.

Here’s an example of bonus depreciation.While cost segregation studies are performed by many companies, remember that now all companies will provide the same quality.

Besides the down payment and closing costs you typically will need to have 6 months worth of reserves as well.

It takes a lot of time although it is defiantly worth it. 

Of course, some complaints will be justified, others not, but if they readily share complaints about where they currently live, they'll likely find similar issues at your property, and might not be worth the headache.We then have them fill out a standard application.

@Gary LeeAs someone who manages a debt fund- the only time we would do something like that would be if the borrower had significant number of other assets with equity and we would also cross collateralize them and get a personal guarantee.If you have little to no net worth then the answer is no.

I remember how nerve racking it was taking my first steps into real estate.