Consulting with a tax professional or a financial advisor is highly recommended to navigate the specifics of your situation, especially to optimize tax benefits and ensure compliance with current tax laws.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Attend real estate meetups in Orlando to connect with other professionals like inspectors, appraisers, and fellow investors.Financing: While securing funding is often the more straightforward part, with various hard money lenders in Florida, understanding your financial options early is crucial, as it affects the kind of properties you can afford and the scope of renovations.Metrics for Evaluating Deals: Use metrics like After Repair Value (ARV), Cost of Repairs, the 70% Rule, Holding Costs, and Comparative Market Analysis (CMA) to evaluate properties.

I didn't let fear stop me from going this route, I'm sure not about to let fear stop me from continuing this course!

It is important that you hire professionals who have experience working with foreign investors.

I allowed them to have a dog in their lease of course making them liable for any damages.

For your location, I would highly highly recommend you do MTR in the property, and establish a relationship with the hospital so they know you have lodging for traveling medical professionals.

HEre is a guide to each city's requirements: https://azrtr.org/compliance/Overall AZ is pretty STR friendly, but of course you need to choose carefully as you already know.

Investors must clearly understand the local real estate market, renovation costs, and potential resale value to succeed with this strategy.REITs StrategyReal Estate Investment Trusts (REITs) are a type of investment that allows investors to purchase shares in a real estate portfolio managed by professionals.

@Mark Bascetta There are a number of competent tax professionals commenting on the forums here.