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FlooringWe plan to install luxury vinyl planks (LVP) throughout the home for the flooring.

Welcome to BP - you've definitely come to the right place - I'd recommend some of the books in the BP bookstore for next steps - particularly the BRRRR Method book by David Greene which is great and might be perfect for your situation

The goal is to have positive cash flow, where rental income exceeds your expenses.

I'm most concerned about vacancy due to the higher price point of furnished and if it may be a better idea to lease unfurnished/ long term. 

New real estate investor and new to the group. 

What I have found is that like cabins, one with a view and the other with a pool, that the pool cabin will significantly outperform the view cabin, all other things being equal.

Hey Anthony, welcome to the community!

The taxable gain on the sale of your single-family home (SFH) will generally be the **difference between the selling price and your adjusted basis in the property**.

Study the market.