We are considering purchasing property on the Southwest/Gulf side where we plan to live for the first year before transitioning the property into a rental, open to STR or LTR.We would greatly appreciate any insights or recommendations you might have regarding hot neighborhoods in this market that are ideal for a strong ROI and investing within our budget.

I would never own a property in my personal name except the one I live in.

If it is, then you are subject to limitations on taking losses as you likely lived in the house for more than 14 daysIf this is not a personal residence, the not having to report income for less than 14 days of usage does not apply.

Hi Andrew, I have been enjoying CIREIA :) it's membership basis but i have learned a lot from the events. 

Hi Mary,To clarify, are you looking to purchase a primary residence that you'll live in, or an investment property that you will rent out?

Wondering if anyone could share their knowledge with me:I live in NJ.

Our plan would be to have the seller evict them, take out a short term loan to remodel the first side quickly and live in the 2nd side for a year all the while slowly remodeling the 2nd side as well. 

c...It's not the best investment but it's a way to subsidize my living while I'm stationed in Del Rio Texas for 4 or 5 years.

I live out of state but am always up for a call.Shannon

Hi @Sahil Raina I would suggest a LLC if for sure neither of you plan to live in it.