Purchase price: $385,000 Cash invested: $79,701 Waterfront short-term rental condo (3bd, 2bth)https://www.seasidevacations.rentals/rentals/sunset-bay-villa-310-nauti-girl What made you interested in investing in this type of deal?

I am also thinking of using a cash out refi on my primary residence along with some cash that I have saved to finance the purchase. 

This is circumstantial and market dependent but something you should explore if this land falls under this category.

But prices out there are different. 

Simple things like this are why you hire a realtor.

If you're going to do this you need to do it with intention.

What made you interested in investing in this type of deal?

You can put as low as 3.5%-5% down payment and rent out the vacant units to offset your mortgage as we all call it Househack @Carlos Valencia @Albert Bui

Hi all,I am here looking for help to figure out the best strategy to own a STR property.

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?