That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

BTW, there is a lot of angry homeowners receiving lots of calls from investors to buy their homes cash... 

Not a ton of young professionals except in government roles (Carson City's largest employment option), or if they want a slower pace but are still willing to commute to Reno. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Again, large commitment of time, patience, and ability needed.The amateur of “semi pro” investor should realize that the professional investors (such as myself) spend ALL DAY EVERY DAY doing the above.  

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

Someone paid to run the prints, and it turned out that the individual in question was not whom he claimed to be; he was an unsuccessful professional actor; his experience was completely fabricated, and the “deals” that made up his “track record” were someone else’s.  

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

An offer was received that I accepted. 

But be prepared because you are probably dealing with a professional tenant.