This is especially true if you're trying to buy in the best location possible.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Hey Jay, Sorry...you are making me double-check my paperwork which is good...thank you.  

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.  

This is definitely a good place to start and to network with people in the market you are looking to invest in.  

That's actually an excellent idea .... do you know where I can get more info on how to rent out the land for passive income? 

In case I have to sell or I quit running STRs I wouldn't want to be under water out the gate.

@Mark Lee, I appreciate that shout out from @Jake Andronico.  

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.