There is an "STR loophole" and "Real Estate Professional status" - two unrelated tax concepts.

Also, everyone is anticipating much lower rates over the next 12-18months, so if you purchase today you will most likely refinance to a lower rate in the coming few years.With Real Estate it's important to remember not only that it is a long term investment, but that there are many ways to make money on the asset. 

I am also a real estate agent now who will be able to buy and list my own properties..I would like to BRRRR if it makes sense on the refi to pay off the LOC, or sell for a quick turn around.Thoughts/suggestions?

Here are some data points below from the past month:🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 6.63%30-year VA rate today is 6.20%💰 Median Sales Price:May: $475,995June: $485,000July: $487,483📈 New Listings:May: 2,141June: 1,920July: 2,032📅 Median Days on Market Until Sale:May: 12June: 13July: 14📦 Months Supply of Inventory:May: 2.4June: 2.3July: 2.6

My dad brought my attention to BiggerPockets and I am currently working to learn more about real estate investing.

In my 18+ years as a Banker I have seen over 90% of my CA investors either move or continue to buy outside of the state.States like FL, IN, OH, TN, TX, AZ, NV all offer great LTR and STR options to capture a solid cash flowing property under $300K.

I've been in the CRM business for years and real estate investor since 2003. 

Yes, it's BP buzzword bingo -- but also a real deal. 

Tampa is not only a great STR market, but is also leading the way in Floridas real estate market with development, job growth, and net migration, which are all important fundamentals to long term growth.

Can’t say enough how excited I am to really learn the in and outs of real estate with this property.