She loves the house and it a a great deal compared to some of the same size homes where she left in Port Saint Lucie, FL.I have been trying to tell all of my clients/buyers Vegas is the spot but it comes down to finding the right property.

You’re in a great spot to create a win-win with your landlord if you lead with facts and options.

Sounds like a sweet project.

That’s a tough spot, but not uncommon when values dip mid-term.

You’re in a great spot with lots of options.From a tax perspective, your STR could qualify as a non-passive business if the average stay is under 7 days and you manage it yourself.That opens the door for a cost segregation study and big bonus depreciation write-offs often opportunities that many CPAs who don't specialize in real estate miss.Like others have mentioned above, you can’t do a Solo 401(k) with just W2 income, but if you treat the STR as a business and pay yourself for managing it, that income could qualify, giving you another powerful retirement planning tool.Next steps: start by finding a tax strategist or CPA who really understands real estate and short-term rentals, and an estate planning attorney to protect what you’re building.

Hey Adam, that’s a tough spot but it’s not uncommon, especially in more rural areas where DSCR lenders shy away and banks focus heavily on tax returns instead of actual cash flow.

I was in a similar spot a few years back, working a job that wasn't really aligned with what I wanted long term, and real estate became that path to more freedom and options.

ROE is low because equity is huge — not because the property is bad.A lot of long-time owners in Hawaii/SoCal/NY are in this exact spot: great house, bad yield.

You’ve got strong equity in the rental but a tight spot with reserves and a high-rate primary, so the question is really about where that equity works hardest for you. 

I’m based in Memphis, and for example, we see a lot of first-time out-of-state buyers here because the entry price and rent-to-value ratios are easier to work with — but every market will have its own sweet spots and no-go pockets, so the right local guidance is key.You’re asking the right questions already, so you’re on the right track.