The lenders and even private money brokers I work with won't even loan to you without one. 18% is also high.

Last time I did my market selection process they didn't score very high on economic/job/population growth.

That’s 10 months of pretty high risk to me.

For this reason I would highly recommend buying a property in your area as a primary residence first, since you can get into it with a fraction of the down payment.

A noteworthy tax loophole, particularly beneficial for those yet to attain Real Estate Professional Status, offers a strategic approach to potentially offsetting OR EVEN ELIMINATING the impact of high job-related taxes.At its core, this tax loophole revolves around discerning between passive and non-passive activities within the realm of rentals.

The vibe I got from the initial talk sounded like they assumed the cool areas of ATL proper would be sought after…maybe by the more established, high paid actors.

I am a high school teacher, not a landlord.

There's so many catalysts for population and job growth (Intel, Honda, Amazon, Nationwide Hospital, etc).

Whenever you have something worthwhile, there will always be a subgroup of the population trying to take it from you.

Our Situation:Two couples, new to real estate investing, each with one working spouse with a high income (W2 and 1099) and one non-working spouse plan to go 50/50 on a new construction STR which will not close until Spring of '25.