Depending on your current credit situation, some private money lenders are starting to do DSCR loans on STRs.

I was looking for a designated private room, but we can at least start with networking. 

Basically a mortgage. 

Just that I am not too worried about cash flow...I am not interested in negative cash flow, but given the situation (inheriting a property with no mortgage) cash flow will happen...so just looking to get the entire picture from the tool.

I want to have one mortgage only.

Even if they’re paid off and you don’t have the mortgage interest to write off.

You could become a private lender for people who flip homes, invest in notes or tax liens/deeds, speculate a bit on buying new construction and then selling for a profit when complete, buy shares of a REIT etc.Orlando is a fantastic place to buy and hold, build new construction or even own a STR.

Paying down the current mortgage wouldn't change your monthly payment, it would only reduce the amount of payments due.

.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Or is it okay to work for a private one/two man shop- where Im friends with the principal and who has all the knowledge and experience from working for the big firms...