The bar is run down hole int he wall that brings in about $40K in GROSS revenues.  

Since we couldn't find a move-in place, we started wondering about the REO/Foreclosure market to find a diamond in the rough property, but don't really know where to get started should we decide to just turn it into investment property and move forward with doing more property stuff on the side of our other jobs.Our stats:Me - age 41 - annual income from W2 job around $130k and only debts are $38k student loans and $22k unsecured car loanWife - age 29 - works FT from home - annual revenue between $55-75k and growing year/year. only debt is $19k student loans.We're behind on retirement (I have about $75k between 401k and ROTH and wife has less than $10k in SEP and old 401k) due to my only other home ownership from my first wife where she filed CH7 BK and left me with the house in 2005.

The IRS has address this strategy in Revenue Procedure 2005-14. 

I understand what the city is doing - generating tax revenue by increasing land and property value to pay for crumbling infrastructure, because Montanans are allergic to taxes...

Think about these questions because the commercial operators may directly or indirectly impact your revenue. 

Banks need to give loans and commercial loans are held in house typically so that is their main recurring revenue source.

In 2016 they surpassed $1.0 billion in rental revenue.

As sad as it is, disasters like this bring huge revenue through construction. 

The key is to know how much more revenue the short term rental will generate when compared to the additional tax implications that will result from going the short-term route.Good luck in your search and let me know if I can ever be of assistance!

Texas stands to see a 4.4 percent gain in revenue per available room rather than the 3.5 percent that was previously forecasted.