@Ryan Berg,You're asking a great question, and you're definitely NOT doing it wrong- the market for STRs has tightened a lot, and finding strong cash-flowing properties in popular, high-priced markets like Frisco, CO or Traverse City, MI is getting tougher, especially with today’s interest rates and elevated home prices.That said, since you're still a W2 earner, you're in a powerful position to take advantage of one of the biggest real estate tax strategies available-cost segregation and bonus depreciation via the STR loophole.You don’t need to keep the property in STR status forever to unlock the tax benefits.The STR tax loophole (Material Participation Rule) only requires that you materially participate in the property during the first year when you take the bonus depreciation.

Hello HelloManaging Airbnb listings can be a grind—late-night guest texts, coordinating cleaners, chasing 5-star reviews. We get it, and we’ve got your back. I just watched this killer BiggerPockets video about the Ai...

that's what has really unlocked the next level of things for me in recent years. 

The good news is: you’ve built a strong foundation, and now it’s about using strategy to unlock that next level.Here are a few solid directions you could take:1.

In todays market, most deals seem to be unlocked in the due diligence phase and using a little creativity. 

They have no fees and if they do it is very rare, however, to unlock all the perks they offer you do have to sign up for direct deposit to maximize everything they offer.  

Stessa has an app, and some other lease and screening features too but there is a 16/month fee to unlock all of the features.

Side note you want to execute your plan to ensure you minimize the amount of months that you are paying back funds then move to a refi option if your purchasing or renovating to extract more cash then lower risk exposure with caring unlocked rates in a short timeframe.

Hey BP community,

I’m currently based in Los Angeles, working toward my real estate license, and focused on learning and executing creative deal structures particularly seller financing, and subject-to strategies.
...

Hey BP community,
I’m currently based in Los Angeles, working toward my real estate license, and focused on learning and executing creative deal structures particularly seller financing, and subject-to strategies...