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?

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

I used to have a 6/2 on Ohio State university campus north of downtown columbus and I got 1600 a weekend and netted 2500 a month probably. a lot of days were vacant but we did really well all the time for huge groups which is a nice I still recommend and there's not a lot. we just sold a new build for a medium term rental in newark close to intel. there's demand for high quality, well furnished places. 

Short Term Rentals?

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. 

I'm not in the short term rental business but if they are independent contractors then you don't owe them anything.

I have 3 doors (long-term SFR).

The thought is, if the structure is rebuilt, you would be in the same (or most likely better shape) than pre-loss.