@Gerald Maczuga,The Long Term Capital Gains rates for 2024 include a 0% bracket for "married filing jointly" that caps off at $94,050.  

Maybe the "classification" isn't the important piece - but can I write off expenses if I occupy a property more than 14 days?

Pay off debt, build your credit, and increase your savings rate. 2.

We made a couple of detours, bought a couple of flips instead of another multi...but similar enough and I count it as a success.I lost focus in 2014 and went off doing 1000 different things..started a construction company and completely lost focus.

Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee.

Typically, in A-Class neighborhoods you end with a prospective tenants that are a little better off financially than most.I also own an LTR in Orange County (Costa Mesa) and I have had good tenants thus far. 

Most of these off-market opportunities in Durham, Raleigh are in the tricky areas that'll make you beholden to the spreadsheet and not realize you're in the hood.

You'll need to plan to pay it off within ~10 years, too.

I can’t speak much about other markets, but as someone who started off in Columbus, and grew up in Cleveland.

I started off with a duplex in 2020 and now have a solid portfolio of rentals with my partner.