I really appreciate this kind of feedback and am likely to cut a deal with them to get it rented.

Quote from @Breland Clark: I bought my first STR this year using a house hack method.

Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.

A mentor of mine with 400 units told me I can use a large seller credit to cover most of the down payment on a property I'm looking at. Any thoughts?

As someone originally from New Jersey, I am interested in returning to the East Coast and investing closer to home.

This smells like a scam.

Quote from @Shawn C.: Thanks, @Rene Hosman!

*This post does not create a CPA-Client relationship.

Yes this is true,Technically the tax rate goes from 4% to 6%.But in real life is is equal to an increase of around 3 times that of an owner occupant.

Quote from @Nathaniel C.: We own a SFH long-term rental property in Nevada that was placed into service in 2023.