Setting up a separate bank account is also easy and free in many situations, this will allow you to keep things clean especially at tax time.

I meet all the criteria for material participation and average stay under 7 days so I would be looking at a nice tax deduction against my W2 income.

Hello BP Family,I'm looking for some guidelines on doing STR mainly to help with tax-loss harvesting.

What are the taxes like for 60-100k houses in Detroit annually?

Still some unincorporated areas so those would be county only tax, very rare to find oneEast Memphis 38117, generally solid, drops off a bit south of Quince.

If you buy a property, what will the payment be after property taxes adjusted (also including insurance)?

As property values go up, investors can make a nice, tax free return on borrowed money.

Basic clean house with pool no longer cuts it. 

The money you make is tax-free if it's your primary 2 out of the last 5 years (if you rent it for a while, I believe there are some taxes, but it's prorated on time based on what I remember - not tax advice).

The city itself was very limited in tax revenue for decades because of its small size.