Taking out $500K of tax free money (sounds like Section 121 (married)) through the sale of the property is great if you're trying to scale your portfolio.

There were 7000 in 2020.In BTR communities, think about what do we want to charge them for vs. what do we want to give them for free?

@Reid Sealby Those I've known to rent RVs out usually do it on a short-term basis.

Income is $600,000 per year and husband and wife both work full-time non real estate jobs.
Is it true that the tax benefits are greater, or realized more quickly, on purchases like furniture or televisions to itemize...

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Feel free to reach out if you have any questions.

Our strategy was to renovate, rent it out as a STR (short term rental), and manage it ourselves to qualify for the STR tax benefits in the year 2022.

Feel free to PM me if you have questions.

In this case, you might want to mix it up and be partially a mid-term and short-term rental.

There was only one unit out of 5 that I wanted to rent out short term (my own when I'm gone).