(Note that this is the typical arrangement for Airbnb rentals and other temporary rental-type properties.)Rental property used on a transient basis is depreciated over a 39-year period, not over 27.5-years as is the case with longer-term residential rental property (LTR). 

Properties that were undervalued just a few years ago are now turning solid profits for those who can complete timely renovations.Low Inventory: With inventory levels continuing to tighten, the demand for well-renovated homes is higher than ever.

We are under contract to sell it and supposed to close last week but the city will only issue a 2 DU cert because they "have no record of permits to convert the storefront into a residential coach house"We did a FOIA on the water records which came back with nothing, we are still waiting for the FOIA on the permit records but don't think it will give us anything because we talked to the seller from 1986 and he said the coach house was a storefront when they sold it. 

Focus on one that aligns with your goals and research it deeply.3.Build Your Network: Connect with local investors, real estate agents, lenders, and property managers.

Popular neighborhoods include Lakewood and Casa View, but larger multifamily properties can be expensive.

Curious about the Greenville property. 

My long term goal is to buy and hold several properties.

I’m really interested in owning rental properties.

Do new units nearby increase your property value and/or rent?

The property is 1 of only 4 licensed lodging houses in the town.