#2 is probably not true.Scenario 1 - Someone wants to buy it to use as an STR:  Someone wanting to continue to use it as an STR definitely wants it to already be furnished. 

Things to keep an eye out for?

When you ask an important question PAUSE   Counting three dots will help   What were you hoping to sell for?

My name is Steven Jaszcz and I'm from Traverse City, MI. 

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to [email protected] and someone will help you.

Here is an intro to depreciation:https://www.biggerpockets.com/forums/51/topics/1121063-expla...Also, cost segregation refers to analyzing what you bought already - the $155k part.

In the initial years, cost segregation and other deductions can often offset much of this tax, so UDFI shouldn't deter you from real estate investing within an IRA, as it can still be a lucrative retirement strategy.

Its proximity to Greenville makes it an appealing option for buyers and renters seeking value.

Ok so I just bought an extended stay motel in Michigan......and I live in Utah.How it happened: I was under contract on a single level 9 plex in a small industrial town in Michigan, I flew out for the inspection and we found mold all throughout the roof and the crawlspace.

The second duplex was like an episode of Hoarders and needed significant work (including an eviction and terminating the lease on the other side, however, I knew that going in and we discounted the price accordingly knowing that significant renovations were needed.