I’m on the verge of purchasing my first property in Winston-Salem, NC, and I’m reaching out to tap into the wealth of knowledge this community offers.

Looking to use the short term rental loophole.If I use the short term rental loophole for my STR, I material participate and do a cost seg study.Can I take the value of the building in the first year as depreciation and write it off against my wife's income?

I would charge it now so that it doesn't need to come off the deposit at the end leaving you with more deposit for any other damages.

The City of Henderson offered an incentive of a low interest rate to assist with redevelopment of the site.

Finally, focus on high-demand neighborhoods and have a backup plan, like renting if the flip doesn't sell immediately.Let me know if you need financing guidance or further tips.Best,Drago

I had been insuring at $350-$400 a square foot value the last year or two

I am wrapping up my licensing education with the intent of being able to buy and wholesale solo part-time, while keeping my full time job.How would I go about finding a brokerage that would sponsor me as a sales agent while allowing me to have this flexibility?

It's good that you have the HELOC option though.

I thought this was really odd considering that we were simply looking at 1-4 unit properties to purchase in Cleveland and I found it hard to believe that with a whole team of agents, they were unable to help us purchase some property. 

I would be interested as well, let me know if this comes together.