The IRS, in a now discontinued Publication 535, used to say:If you are an individual and your attempt to go into business is not successful, the expenses you had in trying to establish yourself in business fall into two categories.The costs you had before making a decision to acquire or begin a specific business.

Those will be what you negotiate once you find the property. 

You'll gain valuable insights into being a landlord, property management, and tenant relations, and preparing you up for success in future real estate ventures!

I find this especially helpful to learn from others mistakes (and their successes) so that I'm thinking through the right things on my own journey.Good luck in building your knowledge!

I'm in one of those "appreciation buying" regions, but to be honest, I don't know a single successful investor here that isn't also putting a lot of rent money in their pocket every month.

If you're just looking for general guidance around a successful STR journey, I have some friends with deep insights into everything from REI tax strategy to marketing and creative financing.

With the inspection - you can negotiate for a seller credit so that you can take care of that at closing.

How did you find this deal and how did you negotiate it?

Long-term wealth How did you find this deal and how did you negotiate it?

If you have any questions, want to share your experiences, or engage in discussions, feel free to participate in the various forums and connect with fellow members.Wishing you and your family success in achieving your real estate goals and creating the life you envision!