The IRS generally does not allow you to deduct expenses for a property that has not been placed into service, as deductions typically apply to operational properties actively being used to produce income.

I'll try to be more active on here :)

The property is not active yet. 

i've also become a guest to the official real estate rookie podcast show episode # 465check me out on their episode here!  

Although I haven’t received an acceptance yet, I’ve been actively sending out LOIs to property owners.I’m aiming high with my first acquisition because I’ve heard many investors wish they had gone larger at the start.

Nice to see that you are active in the forums.

You STRs tend to be a little higher end and guests have higher expectations.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

Here’s a deeper dive into what’s shaping rental trends:Would love to hear your strategies and perspectives, especially if you’re active in the Columbus market!

Full disclosure - I'm a local resident currently actively looking to move away.