@Bill F. is correct.

I am just finding this out now because we are receiving a new tax bill which has done an assessment on the property and raised the taxes!

You'll get a bill for that much if even the unit is vacant.

So the economics of the transaction is that you do show less expense, and as a result more income when the time comes to pay the bill.

The only thing I have showing I live in the property is a power bill.

Don't fall victim like a lot of people who use owner occupant taxes to calculate and gets crushed the next year when the bill comes back 50% higher.Hope the numbers still work after everything and you're able to secure your first deal!

@Bill Haldenby  You are correct, STRs are definitely more work then a traditional rental, unless you go with a turnkey management provider which will likely gouge you of most of your profits.

In addition, I. carrying folio containing paper like the MLS listing, tax records, utility bills, etc....

The investment that Jeff Vinik and Bill Gates made in our Channelside/Downtown market in creating an "innovation hub" as well as expanding our entertainment/sports venue have brought relocation of companies and talent to the market.

I am currently renting an apartment for $575 per month and I pay the electric bill.