What I’m really intrigued on doing is getting a short term rental, mainly because of long term appreciation and I can depreciate the first year and potentially reduce my other businesses income so there would be a tax savings there on top of some monthly income coming in.

Ryan, I cannot say that I have but I think that is a great idea.

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Oh, primary house is in a flood zone and we had a major incident during IDA but our house was raised so meant to deal with floods so no damage but more a pain in the *** so concerned about dealing with that with renters or if more climate issues happen, could impact future value of the home.Would love any thoughts or ideas!

I have an idea to capitalize on the turmoil that is approaching the current real estate market and then where to channel that capital.

You can also check on the rental estimate at Zillow and you have a fair idea if the property is cash flowing. 

Save this post, because if you think you can find and manage Class C tenants from OOS, there's a VERY high chance you will end up being penny-wise, but dollar-foolish.Hopefully, you'll be able to recover from your mistakes & losses and won't have to sell at a loss.

Can you take pictures of your receipts and save them in the app / software? 

They are retired without much savings. 

Would you suggest refinancing or saving to purchase my second property?