Hey Thomas - I'd highly recommend speaking with your CPA and an Investment Sales broker about your options when it comes buying an STNL deal to utilize depreciation.

This is more difficult to secure in this high rate environment but so is a cash out refinance.  

We own our primary, own a STR internationally, 3 commercial buildings, and a 4-unit apartment building - so we are highly familiar with real estate but here's a new conundrum.

They have such high cap rates there because the future outlook is bleak.

I would highly recommend placing a tenant on a lease under 12 months for their first term so this bill does not apply to them.

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Good deals are scarce, labor and materials are expensive, competition is high.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

Pretty high.

That would piss any person off even in the high income realm.