It is normally not suggested to own appreciating property, such as real estate, within an S-Corp.

@Mary Parsek you are pretty close with this forum but I would suggest posting this in the "Mortgage Notes" forums.  

I had to have an awkward conversation with my favorite realtor when their broker suggested everyone had to pay a $700 “document fee” on every sale.

And there is a lot of appreciation potential.For someone just starting out, I'd suggest focusing on traditional long-term rentals before jumping into short-term rentals.

Any suggestions and help would be gladly appreciated thanks. 

Connecting with local contractors or experienced investors in your area is also very helpful for getting accurate numbers.For ARV you’ll want to look at comps; You can start on Zillow or Realtor.com but I highly suggest connecting with a local agent.

I would suggest to sell the condo and reinvest into a single family home. 

I'd be happy to provide some recommendations and suggestions for your situation as a foreign citizen living in Miami.First, it's important to have a good understanding of the local real estate market, including pricing trends and neighborhood dynamics.

I would suggest coming to some investing meet ups and just start talking to others and form a plan based off of that.

Originally posted by @Tony Kim:Originally posted by @Reginald Ross:@Andrey Y.Thanks for the suggestion but I’ve already “read the thread”.