That’s awesome you’re branching into STRs — especially with your background in commercial development, you’re already way ahead in understanding the fundamentals.

@Harrison BeckhamRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location/neighborhoods to invest in.Why is Property Class so important for investors to understand and apply in their investing strategies?

How can they understand whether this is the case?

I totally understand that conventional insurance is required in many cases (e.g., with mortgages), but I’m trying to be as conscious as possible about my approach — especially when purchasing with cash or operating without financing.Would love to hear from anyone who has explored this or is navigating similar concerns.

Understanding IRS Section 179 is key to optimizing your tax strategy.179 lets businesses expense certain assets upfront instead of depreciating them over time.For 2025, up to $1.22M of qualified equipment and software can be expensed, but there are limits.The maximum investment threshold is $3.05M, reducing the deduction dollar-for-dollar if exceeded.Additionally, the Section 179 deduction cannot surpass your taxable business income, and some assets, like real property, generally don’t qualify unless specified as "qualified improvement property."

Quote from @Lisa Choi: It’s great that you’re already house hacking and have a potential deal right on your street—definitely a unique advantage.Given that the asking price is significantly above the most recent comp, I’d approach it from a place of understanding but with clear market-based reasoning.

I understand my way through contracts and what to look for.

Proper planning can also improve your negotiating position in legal disputes and potentially lead to more favorable outcomes.To navigate these areas effectively, I strongly recommend working with qualified professionals, including a knowledgeable tax advisor who understands real estate and a seasoned asset protection attorney familiar with your specific goals and risk profile.

I understand it’s a huge risk of violating local, state and federal laws to save $100 or $200/mo but how else will you learn what’s illegal.

It gives you neighborhood ratings that really help you understand the vibe.