I live in Maine where short term summer rentals are in huge demand.

My family is in Chicago so I am curious to buy a place that I would live in when in town.

I'd love to hear from experienced real estate professionals:- What pain points do you face in property management?

A cost segregation study was performed on this residential condo in Jupiter, FL purchased in 2022 with a depreciable cost basis of $672,870.

I have 3 highly successful STVR homes (Austin TX, Tybee Island GA, Lake Lure NC) and have built my own homes a few times including most recently GC'd my residence in Rome GA. 

It will cost you a lot more in the long run.

Please DM if you have a solid property manager in mind.

Following because I'm interested in finding one in NJ as well!

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

It is literally in black and white right here in the statute.