It's worth around $450k & I'm not sure how long it'll take to sell in the current market.Our immediate family (my wife, her dad, out daughter & I) are very handy and have experience in construction, HVAC, electrical, plumbing, etc, so we are anticipating being the general contractor and subbing out only those things we cannot do ourselves.We have several STRs, but no motels. 

This will help offset your cost for the GC and will put you into long term gains instead of short term gains.

My thinking is that as long as the yard looks like a yard and can function as a yard (ie. junk-free, has grass & dirt), then it doesn't make much sense to invest heavily into landscaping like re-sodding or other projects.

I just looked at it as a long-term investment in a fixer-upper when making the purchase.

So as long as it was placed into service by 12/31/22, you can claim 100% bonus depreciation.

Your house drops in value by half, rent doesn’t drop my friend so you will be in it for the long run but you won’t necessarily lose it.

I am not opposed to STR/MTR, but my current profession puts quite a bit of restriction on that avenue.My 5-10-year goal is to shift more toward long-term appreciation and syndication.

By the time they finish building it anyways the property values will have likely doubled at the rate we are going down here... and a new vacation home is never a bad thing lolIf you are an investor and you buy a Miami condo, you normally have two options: sell it upon delivery and never use it, or rent it long term and never get to use it yourself. 

Since we have owned many rentals for a long time we were asked to participate in the rent survey. 

So I talked myself into thinking that will be ok - i can deal with her watching me play with my dog in the backyard and mow, etc. as long as I have my little oasis where she can't see me.