I have heard from some people, but have not gotten a definitive answer, that going through a deconversion process can substantially lower the yearly property taxes for the property.

If you can do better, great, but you really have to understand your market, do an excellent job setting up and operating your property and you have to stand out from the crowd to earn those higher rates.

What are the taxes like for 60-100k houses in Detroit annually?

If you buy a property, what will the payment be after property taxes adjusted (also including insurance)?

I meet all the criteria for material participation and average stay under 7 days so I would be looking at a nice tax deduction against my W2 income.

Hello BP Family,I'm looking for some guidelines on doing STR mainly to help with tax-loss harvesting.

Tax free gains.

As property values go up, investors can make a nice, tax free return on borrowed money.

Keep in mind you have to pay taxes on that income as well it doesn't automatically come out. 3) I think as a macro market if rates actually do come down we will see another surge in spring/summer and strong market pricing.

If you can do this, you will earn business on a consistent basis.This is all from watching and listening to realtors over the years and many of these points are things that I do for my mortgage business on a regular basis.I hope this helps and have a good one.