I am based out of CT and am aware that each state legislation is different as far as time to claim proceeds/process to  do so. 

Until that time, it is considered a rental with Schedule E income.

We just jumped in the game in April when we bought our first STR in Sevierville, TN.

I also don't have time/no one will hire me to pick up a second, part time job which makes in difficult to increase my income.

Purchase price: $850,000 Cash invested: $140,000 Sale price: $1,476,500 Source: Cold Call, direct to sellerProduct: 12 unit multi familyPurchase: $850k, owner financeLoan 1$250k first position loan (down payment to seller)2 yr balloon, 12% interest onlyLoan 2$600k second position seller finance3yr balloon, 0% interest, 30 yr am, 8 month deferred paymentsThree 4 unit buildings.

Cash flow the first few years tends to not be strong but rent increases year over year are second to none in NJ. 

That said, I would look at comparable rentals in your market first and then make decisions based on what the expectations are of similar rentals in your market.

So I take what you have and what you expect, estimate the time it would take in a whole year of work and create my flat rate.I notice short term rentals are about 1 hour a month of work per property, since we need to track each property's Profit & Loss for Tax time, this is also tracking a mortgage and depreciation as well for that property.

Accordingly, the end buyer should have no problem obtaining financing strictly due to the solar issue... heck they may even want to work with Solar Mosaic.Last time this came up the consensus was removal/repair is the worst direction to go.

So, while prices held relatively firm overall, we are seeing a decrease in buyer demand and a buildup of inventory compared to this time last year.