Hi all- My husband and I are considering selling our short-term rental property in Vermont to pay our kids' college loans, and we're looking for input to see if we are missing anything in the big picture.Here are the details: We purchased a log cabin in Vermont in November 2020 for $440,000 with a 2.75% interest rate.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

In terms of tax implications how does that even work?

Would love long term rentals paying my dividends but old homes in Florida area give me stress that one year it can all get wiped out with nothing to show from it. 

And you need to take care of more basic things first, otherwise slapping an LLC on top isn't going to help.Note: Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 e. 

I have 3 doors (long-term SFR).

Whether you're a new landlord or have an extensive portfolio, Orlando's vibrant market offers great opportunities.To achieve true passive income, consider hiring a professional property manager.

I focus mainly on smaller multifamily of roughly 10+ units that are non-professionally managed.This has allowed me to negotiate better deals with great terms.

Tap out of all short-term plays.

You can get money on these terms from anyone.